New Code Of Practice For Commercial Property Relationships

The aim of the new code of practice from the Government is to provide clarity for landlords and tenants when discussing rental payments and to encourage best practice to support all parties, so that the economy can recover swiftly.

We have written about the various protections that the Government has introduced for commercial tenants. The code supplements these protections, recognising the strain that the commercial property sector is currently experiencing.

The code that will apply until 24 June 2021, is only voluntary but the ministerial foreword indicates that it "represents a good starting point on our road to economic recovery". It's steering group included a number of leading representative bodies such as British Chambers of Commerce, the British Property Federation and the British Retail Consortium. It has since been supported by a number of other organisations including the Association of Convenience Stores, the British Beer and Pubs Association and the