The Fair Tenancy Pro Tem Committee was formed with key representatives from Singapore’s landlord and tenant communities on 26 June 2020, so as to strengthen collaboration and increase the vibrancy and competitiveness of Singapore’s retail, food & beverages (F&B) and lifestyle sectors.
The result is an industry-led Code of Conduct for Leasing of Retail Premises in Singapore (“Code”) based on the principles of transparency, reciprocity and sustainability.
The Fair Tenancy Industry Committee (FTIC) was set up on 3 May 2021, to be the custodian of the Code and ensure that it provides guidance to landlords and tenants of qualifying retail premises so that fair and balanced lease negotiations can be achieved. It is represented by both landlords and tenants, as well neutral parties to offer a holistic approach when addressing matters related to retail lease agreements.
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