News & Analysis as of

Commercial Leases Pending Legislation

Jones Day

New York Legislature Targets Real Estate Lenders To Lower Rents

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In an effort to protect small businesses from high rents, on June 13, both houses of New York's legislature passed a bill, S1163, that prohibits "rent minimums" in real estate secured loan documents. As of this writing, this...more

Dorsey & Whitney LLP

Post-Pandemic Update on Commercial Evictions in Minnesota

Dorsey & Whitney LLP on

In August 2020, we circulated an article addressing COVID-19’s Impact on Commercial Evictions and Landlord-Tenant Relations in Minnesota. Nearly three years later, much has changed and it’s time for an update....more

Latham & Watkins LLP

COVID-19 Commercial Rent Arrears: UK Government Publishes Draft Arbitration Rules

Latham & Watkins LLP on

The rules provide an arbitration procedure to determine the amount of affordable rent arrears for a commercial tenant where landlord and tenant have been unable to reach a consensual agreement. On 9 November 2021, the UK...more

BCLP

The new Commercial Rent (Coronavirus) Bill and Code of Practice

BCLP on

The government has introduced the Commercial Rent (Coronavirus) Bill in Parliament to attempt to streamline and accelerate the resolution of the billions of pounds of rent arrears that have accrued during the Covid 19...more

BCLP

U.S. COVID-19: Update on California SB 939

BCLP on

Today, the Senate Appropriations Committee voted to send SB 939 to the Senate Suspense file for further evaluation. Senator Scott Wiener attended the hearing and advised the committee that he is working on significant...more

Seyfarth Shaw LLP

COVID-19 and Retail Tenants — Early Lessons Learned

Seyfarth Shaw LLP on

On March 13, 2020, the United States declared a national emergency related to the rapid, global spread of COVID-19, the disease caused by the novel coronavirus, SARS-CoV-2. The retail industry has been feeling the fall-out...more

McDermott Will & Schulte

Gesetzentwurf zur Neuregelung des Schriftformerfordernisses im Mietrecht beschlossen

Die Möglichkeit zur vorzeitigen Kündigung von langfristigen Mietverträgen bei Verstößen gegen die gesetzliche Schriftform schafft seit vielen Jahren erhebliche Rechtsunsicherheiten und Unfrieden für Immobilieninvestoren,...more

Shumaker, Loop & Kendrick, LLP

Client Alert: Florida’s Sales Tax Reduction Requires Commercial Lease Parties to Recalculate Their Rent Schedules

Florida is one of the only states in the country that levies a tax on commercial leases, and is the only state to do so in any comprehensive manner. Governor Rick Scott and the Florida legislature have been attempting to...more

Ervin Cohen & Jessup LLP

New Law Requires Specific Disability Language in Commercial Leases

California Assembly Bill 2093 requires each commercial property owner/lessor to state on each lease form or rental agreement executed on or after January 1, 2017, whether the premises have undergone an inspection by a...more

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