The government has published a code of practice to help commercial landlords and tenants map out plans for economic recovery during the coronavirus pandemic.

Developed in close collaboration between government and leaders from the sector, including RICS and British Property Federation, the code is designed to provide clarity for businesses when discussing rental payments and to encourage best practice so that every part of the chain is supported.

The code is voluntary in nature and is relevant for all commercial leases held by businesses in any sector which have been impacted by the coronavirus pandemic.

It encourages tenants to continue to pay their rent in full if they are in a position to do so and advises that others should pay what they can, whilst acknowledging that landlords should provide support to businesses if they too are able to do so.

It will apply across the UK and encourages tenants and landlords to be transparent in their discussions and to act reasonably and responsibly whilst recognising the impact that coronavirus has had on businesses’ finances.

The code represents best practice within the sector for responding to Covid-19 and is endorsed by the leading representative bodies who formed the code’s steering group, including the British Chambers of Commerce, British Property Federation, British Retail Consortium, Commercial Real Estate Finance Council Europe, Revo, RICS, and UKHospitality.