Fair Tenancy Industry Committee
On 26 June 2020, key representatives from Singapore’s landlord and tenant communities, together with industry experts, formed the Fair Tenancy Pro Tem Committee in a bid to strengthen collaboration and increase the vibrancy and competitiveness of Singapore’s retail, food & beverage (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.
On 3 May 2021, the Fair Tenancy Industry Committee (FTIC) was set up 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.
A dedicated website for the FTIC has been set up. Please visit ftic.org.sg for more information on the FTIC and the Code of Conduct for Leasing of Retail Premises in Singapore. You may also access the FTIC’s website for filing of joint declaration of deviation, which is now available.