Fair Tenancy Act Code of Conduct for Heartland Enterprises
Understanding the impact of the Fair Tenancy Act Code of Conduct and its impact on your business.
With the effect of Fair Tenancy Act Code of Conduct legislation from 1 Feb 2024, this event aims to foster a deeper understanding of the code's provisions and discusses its potential impact on the local heartland business landscape.
Overview of Fair Tenancy Pro Term Committee: Understand the origins and purpose of the Fair Tenancy Pro Term Committee, formed on 26 June 2020, bringing together key representatives from Singapore's landlord and tenant communities along with industry experts. Learn how their collaboration aims to enhance the vibrancy and competitiveness of Singapore's retail, food & beverage (F&B), and lifestyle sectors.
Introduction to the Code of Conduct (CoC): Explore the foundational principles of transparency, reciprocity, and sustainability that underpin the CoC. Gain insights into how this code seeks to create a fair and balanced playing field for both landlords and tenants in the leasing of retail premises.
Role of Fair Tenancy Industry Committee (FTIC): Discover the significant role played by FTIC, established on 3 May 2021, as the custodian of the Code. FTIC, comprising representatives from both landlords and tenants, as well as neutral parties, provides guidance to ensure fair and balanced lease negotiations for qualifying retail premises.
Updates and Revisions: Hear about the recent updates provided by FTIC during its July 18, 2022 briefing. Understand the rationale behind the revisions made to the CoC, addressing feedback from the industry to minimize ambiguity and better cater to the specific needs of heartland merchants.
Importance of Attendance: As a heartland merchant, your participation in this townhall event is crucial. This briefing offers you a unique opportunity to:
Gain a comprehensive understanding of the CoC and its recent revisions.
Interact directly with representatives from the FTIC, asking questions and seeking clarification on how the Code affects your leasing agreements.
Stay informed and empowered to navigate fair and balanced lease negotiations in the ever-evolving retail, F&B, and lifestyle sectors.
In a rapidly changing business landscape, attendance at this townhall is an investment in the success and sustainability of your business. Be part of the conversation that shapes the future of retail leasing in Singapore.