Towards fair tenancy practices

THIS WEEK'S TOPIC: Will legislating the new code of conduct on tenancy agreements level the playing field between landlords and tenants?

Victor Mills Chief Executive Singapore International Chamber of Commerce

THE new Code of Conduct for Leasing of Retail Premises is long overdue but very welcome. For far too long the relationship between landlords and tenants in Singapore has been unfair and in favour of landlords instead of recognising the symbiotic relationship between both parties fairly. The new Code corrects this imbalance. It is yet another silver lining of the pandemic which has highlighted the urgency for change. I hope all landlords and tenants will adopt the new Code of Conduct and see it in their best mutual interests. Legislation can be kept as an option in the unlikely event they do not.