On Tuesday the government announced that, in addition to the 6 month moratorium on evictions, a mandatory code of conduct will be developed to standardise commercial tenancy agreements impacted by the COVID-19 pandemic.
Last week we talked about the importance for tenants and landlords to act in good faith and start a conversation. The new code of conduct serves to re-enforce the need for fair, open and honest relationships between both parties, as we navigate through the difficult times ahead.
Here’s What You Need To Know About The Code:
Whilst the Code will certainly go a long way in guiding tenants and landlords during this hibernation period, it is still largely up to the tenants and landlords to be able to negotiate fairly, respecting each other’s unique circumstances so small-medium businesses can emerge and begin trading again on the other side.
BRM is here to help. Please contact us to discuss your specific leasing situation.
BRM has created some useful resources for tenants related to leasing during COVID19. To access these resources click below.
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