RICS Code for Leasing Business Premises This RICS professional standard is the result of pan-industry discussion betweenrepresentatives of landlords, tenants and other trade bodies.The objective is to improve the quality and fairness of negotiations on lease terms and topromote the issue of comprehensive heads of terms that should make the legal draftingprocess more efficient. The statement and code do not prescribe the outcome, but seek tomake it fair and balanced by identifying the terms that are usually important and encouragingboth parties to obtain advice from property professionals. This enables negotiations toproceed properly so that each party can make an informed decision about whether toproceed on the terms that they negotiate.
