by the Department of Business, Enterprise and Innovation, and operative until 31 July 2021. It is a voluntary code, and it provides a framework for conversation between landlords and tenants. It asks that, bearing in mind their own rights and responsibilities, not just under their existing commercial lease but also wider responsibilities, they discuss and if reasonable reach some compromise on financial obligations including rent, service charge and insurance.
Key to the success of the Code is a request and a need that landlords and tenants act transparently and in good faith, with the knowledge that they both have a common interest in, as the Code says, working together to enable viable businesses to continue operating, and to facilitate the resumption of normal trading activities through the period of recovery.
By John Dwyer and Pat Ahern of • Ronan Daly Jermyn.
