About The FTIC

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.

OUR VISION

To create a vibrant retail industry where landlords and tenants form
symbiotic and sustainable relationships.

OUR GOALS

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To equip the industry with the knowledge of the Code that serves as a mandatory guide to fair retail
tenancy negotiation.

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To ensure that the Code is kept up to date with the latest market practices, guided by the principles of transparency, fairness, reciprocity and sustainability.

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To monitor the performance of the Code and submit recommendations to the Government to enhance the regulatory framework.