The protocol essentially sets out a code of good behaviour and best practice for both landlords and tenants. The aim is that this will improve communication and fairness between the parties thereby avoiding costly delays and disputes.
The protocol covers areas such as what information a tenant should provide when making an application for consent and the timeframes within which a landlord should respond.
Like the Code for Leasing Business Premises 2007 before it (which also sets out guidelines for fair lease negotiations), the protocol is not binding but it is hoped that it will eventually become industry standard practice.
The protocol should certainly be welcomed if it helps landlords and tenants to deal with applications quickly, improve relations and achieve the parties’ business objectives.
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