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The Association of Valuers of Licensed Property is the leading body of such specialist advice in the United Kingdom.
The Association was founded in 1894 by John Fleuret, in order to bring about an association of like-minded, experienced valuers to ensure that tenants received or paid fair dues on changes. In its early days the vast majority of members were only ever involved in brokerage and tenancy changes and most of the brewers, who in those days took a benevolent paternal interest, would only allow their tenants to be represented by members of the AVLP.
Over the years, as the nature of the licensed trade has changed, particularly since the MMC report in 1990, the traditional tenancy has declined in numbers with more and more brewers and pubcos going down the lease route.
Likewise, the Association has changed and, with over 100 members, now represents licensed property valuers on a nationwide basis. Some of the members deal with tenancy changes and lettings whilst others are specialist chattels and public house valuers, rating surveyors and members of firms dealing with rental, capital and bank valuations, corporate asset valuations and the sales of freehold and leasehold licensed premises.
Although the Association does not set examinations for those who wish to join, it maintains its high standards by vetting closely the applications from those who wish to become members. The Rules of the Association closely follow those of the Royal Institution of Chartered Surveyors (in fact, many of the members are chartered surveyors), so ensuring the best Codes of Conduct with regard to matters such as conflicts of interest, separate client bank accounts, a scheme of mandatory professional indemnity insurance etc. In addition, anyone wishing to join must show that they have been in practice as a qualified auctioneer or valuer for at least five years or for the two years preceding the application, must have been an equity partner/director of a firm of auctioneers or valuers.
