Gearing up for the new RICS Code on Leasing Business Premises

On 11 February, the RICS published its new Code on Leasing Business Premises, which it hopes will improve the process of lease negotiation, making them fairer and more transparent. The Code comes into force on 1 September, giving practitioners six months to familiarise themselves with its detail and to prepare for implementation.

To discuss the practicalities, EG’s Legal & Professional Editor, Sarah Jackman is joined by Warren Gordon – a senior professional support lawyer in the real estate team at CMS and member of the RICS’s working party on the Code.

Gordon discusses the rationale behind it, the detail contained within it, the types of negotiation it applies to and how practitioners ought to be preparing for it.