Fair Tenancy Framework launched with room for refinement

Singapore

THE Fair Tenancy Framework launched on Tuesday, which aims to help small and medium-sized enterprises (SMEs) negotiate fairer tenancy agreements, is a work in progress, says the working group behind it.

The Rental Practices Working Group (RPWG) of the SME Committee (SMEC) says more can be done to refine the guidelines in the framework, which has already won the backing of CapitaMall Trust and Ascendas.

Ho Meng Kit, chief executive of the Singapore Business Federation (SBF), which is leading the push for the voluntary adoption of these guidelines by the industry, said getting buy-in from landlords was critical, and noted that support had already come fro…