Property consultants point to snags in fair tenancy framework recommendations
Industry players say legislation needs to take care of both tenants and landlords
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Mindy Tan
Singapore
THE proposals suggested by the Fair Tenancy Framework Industry Committee (FTFIC) might face some road bumps, as property consultants point to potential snags in the list of recommendations. The committee comprises five business groups that have come together to call for the adoption of legislation and establishment of a new commission for enforcement and dispute resolutions.
Christine Li, Cushman & Wakefield's head of research for Singapore and South-east Asia, acknowledged that some of the recommendations - such as promotion of transparency of rental information - can be more easily implemented but others such as making the termination of the retail leases unenforceable, could be going against the principle of free market and somewhat restrictive.
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