UPDATE: As anticipated, on May 26, 2020, this legislation was enacted into law and takes effect immediately.
On May 13, 2020, the New York City Council unanimously passed a COVID-19 Relief Package that may temporarily...more
On May 13, 2020, the New York City Council unanimously passed a COVID-19 Relief Package that may temporarily prohibit the enforcement of personal liability provisions (a/k/a personal guaranty provisions) in commercial leases...more
Among the many economic repercussions of the COVID-19 pandemic, are commercial tenants who are unable or unwilling to pay rent. Although no one knows how long the pandemic will last or what government action, if any, will be...more