In 2021, a new Code of Conduct for fair tenancy practices was introduced in response to the
long-standing issues between landlords and tenants which had bubbled over during the height
of the Covid-19 pandemic. For the first time in Singapore, landlords and tenants have a set of
comprehensive guidelines to facilitate fair tenancy practices.
How will the new Code of Conduct impact existing and future tenancy agreements? Does its
introduction signal new laws to ensure compliance? Tenancy practices in Singapore are
changing, and it has become clear that the role of tenancy agreements is more important than
ever.
A tenancy agreement is a contract between a tenant and landlord, and it is essential for
protecting the legal rights of both parties. By establishing and agreeing upon a set of
obligations, both parties are clear about what is expected of them. This effectively minimizes
disputes and causes conflict, forming a solid foundation for a successful long-term tenancy
relationship.
The new Code of Conduct introduces a list of new guidelines relating to retail tenants. More
specifically, it requires tenants and landlords to comply with new guidelines regarding rent
structure, exclusivity clauses, and sales performance clauses. Hence, it is absolutely essential
to have a clear understanding of these changes and how they might impact a tenancy
agreement. Without a clear understanding of the terms and conditions of the tenancy
agreement, tenant and landlord are vulnerable to misinterpretation and misunderstandings
which leave room for disputes or termination.
To address this difficulty, REL Alliance is proud to offer one of its specialties to customized &
“tailor-made to suit” courses on The Importance of a Tenancy Agreement.
Contact us to find out more today!