This is a continuation of Part 1: Response to “Property consultants point to snag in fair tenancy framework recommendations”. I want to allay Ms. Christine Li’s concern that the fair tenancy framework recommendations may not allow landlords to respond swiftly to structural changes such as the rise of e-commerce. The FTFIC’s recommendations are designed precisely […]
Author: Logan Wong
In a BT article by Mindy Tan headlined “Property consultants point to snags in fair tenancy framework recommendations”, Christine Li from Cushman & Wakefield expressed her concern that making the (pre)termination of the retail leases unenforceable, we could be going against the principle of free market and that it is somewhat restrictive. She added: “It […]
About FTFIC The Fair Tenancy Framework Industry Committee (FTFIC) was formed with representation from: Singapore Business Federation SME Committee (SBF SMEC) Association of Small & Medium Enterprises (ASME) Restaurant Association of Singapore (RAS) Singapore Retailers Association (SRA) Singapore Tenants United for Fairness (SGTUFF) The committee’s role is to propose the adoption of landlord-tenant legislation in […]
Introduction The Singapore Tenants United for Fairness Group (“SGTUFF”) submits our recommendations to the Fair Tenancy Framework Industry Committee (“FTFIC”) to introduce a Retail Leases Bill 2020. The Bill seeks to regulate the lease relationship between landlords and tenants with the intent to protect the position of tenants of retail shop premises. The Bill is […]
Lease durations are typically fixed without pre-termination rights for both the tenant and landlord.
Lease agreements are registered for tax purposes and are subject to stamp duty imposed by the tax authority.
Typically, for retail malls, the landlord would install POS systems at the tenants’ costs, which include monthly servicing and maintenance cost.
Business Leasing Guide: Section 1.5 Total Leasing Cost Description: In general, besides rent, there are other leasing costs to be considered. For example, the landlord’s legal fees for the lease agreement and the landlord’s professional consultants’ vetting charges for fitting out works, among others. Guide: Both parties should agree upfront on all costs to be […]
The landlord may include a clause that prohibits the tenant from operating a branch or franchise within a certain radius of the leased premise.
A landlord went on a mountain retreat to contemplate the meaning of omnichannel. Om Om Om Om. Suddenly, she had an aha! moment: Why don’t I charge tenants turnover rent for those Buy-Online, Pick-Up-In-Store transactions? Brilliant! So I speak. And so it is. Though the story may not be true, there is a growing trend […]