Property Week includes reports of more Governmental murmurs of dissatisfaction with the property industry over its lack of use of the Code for Leasing Business Premises. Now, in a recession, is the time for tenants to extract as much as they can from landlords in lease negotiations by arguing for fair, Code-compliant lease drafting. But the Government expresses itself dissatisfied with the Code’s uptake – see Government ‘disappointed’ with implementation of property lease code. This folows on from the publication by the Government of a privately commissioned report on the workings of the 2007 Code for Leasing Business Premises. Click on Monitoring the 2007 Code for Leasing Business Premises to see the report.
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