Retailers welcome new commercial rental code of conduct

The Government said it is encouraging landlords to show businesses forbearance if they can’t meet their lease agreements due to Covid-driven financial pressures.

Retailers have welcomed the Government’s new landlord-tenant code of conduct, which is aimed at relieving commercial rent pressures for financially-strained businesses.

Full or partial rent-free periods; rental variations; and an agreement between parties to split the cost of the rent are suggested options within the voluntary code which will be in place until the end of next July.