Retailers seeking avenues to renegotiate leases
Some landlords hiking rents; revised fair tenancy system yet to materialise
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Singapore
AHEAD of this year's Budget on Feb 16, retail tenants are hoping for measures to help them renegotiate lease terms with landlords, as fair tenancy talks make slow progress and some landlords seek higher rents.
A new fair tenancy framework has been in the works since last year, after a long tussle over rental rebates brought what retail tenants see as a long-standing inequality between tenants and landlords to the fore.
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