Code of Conduct between Landlords and Tenants for Commercial Rents
Earlier this month the Government launched a new Code of Conduct between Landlords and Tenants on Commercial Rents that is envisaged to run until 31 July 2021.
It states that landlords and tenants should act reasonably, swiftly, transparently and in good faith, to resolve disputes. While the code states that tenants who are in a position to pay in full should do so, it also states that landlords should seek to share any benefits they have received due to deferral of loan payments with the tenant in a proportionate manner. It also lists some of the issues to consider when determining the impact on a business and the tenant’s need for a concession, and it outlines suggested options for new arrangements. The code also looks at how disputes over service and insurance charges could be resolved. Over recent weeks we have been actively working with government officials to ensure the needs of small business is reflected in the voluntary code.
Access the Code here.
Please get in touch with Elizabeth Bowen, Senior Executive, SFA at email@example.com or 353 87 188 2951with any feedback you may have.