The global professional statement on Conflicts of Interest provides clear rules for RICS members and regulated firms to follow to identify and manage potential Conflicts of Interest.

The Landlord and Tenant Act 1954 provides for the terms of a renewal lease to be determined by the courts. PACT is a procedure whereby the determination of all or some of the terms for a renewal lease are (with the consent of both parties) 'delegated' to an independent third party, who may act either as an arbitrator or as an independent expert.