Retail tenants in Singapore are calling on landlords to make market data like footfall and rental per square foot to be made more available. That's ahead of a new bill to be discussed in parliament to make landlords abide by 13 leasing principles, such as sticking to one rental formula, and not pre-terminate leases. Landlords will also not be allowed to include clauses in their contracts that make leasers pay for unspecified costs. The proposed legislation will be applied for all retail leases with at least one year of tenure. If passed, it will take effect from January 2024. Read more: [ Ссылка ]
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