The Singapore Business Federation introduced a Code of Conduct for Leasing of Retail Premises in Singapore (“COC“) on 26 March 2021. The COC was updated on 15 March 2022, with the amendments expected to take effect from 1 June 2022. The COC aims to provide a set of guidelines for landlords and tenants of Qualifying Retail Premises to enable a fair and balanced position in lease negotiation, and to provide such landlords and tenants with a governance framework to ensure compliance with an accessible dispute resolution framework.
This Update summarises the key features and principles of the COC, as well as the updates in the 15 March 2022 version.
For more information, click here to read the full Legal Update.
