Code for Leasing Business Premises

The DCLG has commissioned an initial research and monitoring project to examine the use, so far, of the Code for Leasing Business Premises. The DCLG will be looking in particular at how far the Code has been disseminated in the commercial property market and the extent of active use of the Code in negotiations, and whether or not this has affected outcomes. It is set to announce its findings later on in 2009. See CLG Monitoring of the Code for Leasing Business Premises. In current market conditions, great use should be made of the Code by tenants’ advisors. Where landlords are anxious to add to bottom line rental receipts at all costs, any number of reasonable Code-inspired concessions may be won by tenants.