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The Lease Code is a voluntary code that aims to achieve fairness between landlords and tenants in leases of commercial properties. The Code was first introduced by the Royal Institution of Chartered Surveyors (RICS) in March 2007.

RICS has now finished a consultation period on a new draft Code to replace the 2007 Code. Many of the provisions of the new Code will overlap with the 2007 Code, the main difference being that whereas the 2007 Code is voluntary, the new Code will include a number of mandatory requirements for agents and landlords who are RCIS members.

Keep an eye out for our blog when RICS publish details of the new Code and the implementation date.

Edwin Coe LLP is a Limited Liability Partnership, registered in England & Wales (No.OC326366). The Firm is authorised and regulated by the Solicitors Regulation Authority. A list of members of the LLP is available for inspection at our registered office address: 2 Stone Buildings, Lincoln’s Inn, London, WC2A 3TH. “Partner” denotes a member of the LLP or an employee or consultant with the equivalent standing.

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