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Commercial Leases Small Business Rental Property

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

Benesch

California Senate Bill 1103

Benesch on

California Senate Bill 1103 ("SB 1103") takes effect January 1, 2025 and will impact leases, amendments, and other lease modifications with respect to commercial property in California. In an effort to provide additional...more

Stoel Rives LLP

California Expands Residential Tenant Protections to Certain Small Commercial Tenants

Stoel Rives LLP on

On September 30, 2024, Governor Newsom approved California Senate Bill No. 1103, which extends certain rights previously reserved for residential tenants to “qualified commercial tenants,” which includes any tenant that is...more

Brownstein Hyatt Farber Schreck

New Tenant Protections for Small Businesses and Nonprofits in California

Beginning Jan. 1, 2025, California commercial property owners will have to contend with new (and expanded) tenant protections for any small business or nonprofit that is a “qualified commercial tenant” under SB 1103. More...more

Partridge Snow & Hahn LLP

Massachusetts Governor Extends Moratorium on Evictions and Foreclosures

Previously set to expire August 18, 2020, Governor Baker has extended Chapter 65 of the Acts of 2020, An Act Providing for a Moratorium on Evictions and Foreclosures During the COVID-19 Emergency (the “Act”), by 60 days...more

Bowditch & Dewey

Massachusetts Pauses Residential and Commercial Evictions and Residential Foreclosures During the COVID-19 State of Emergency

Bowditch & Dewey on

As the Covid-19 global emergency continues, so does its economic impact.  The Massachusetts legislature and Governor Baker have enacted numerous initiatives aimed at, among other things, Massachusetts’ economic stability and...more

Seyfarth Shaw LLP

New Rent Reduction Laws Proposed in New York May Be Better for Landlords, But May Still Be Challenged

Seyfarth Shaw LLP on

As discussed in prior updates, lawmakers in New York previously introduced bills that would, if enacted, temporarily suspend rent payments for certain residential and small business commercial tenants unable to pay rent due...more

Seyfarth Shaw LLP

“Quiet Enjoyment” May Not Work, But New York Law and Leases May Provide Other Avenues for Relief for Commercial Tenants

Seyfarth Shaw LLP on

As set forth in our prior update, commercial tenants in New York may not be able to establish a breach of the covenant of quiet enjoyment because of the ongoing pandemic, subject to specific lease language....more

McGuireWoods LLP

COVID-19: UK Introduces Non-payment Protections for Commercial Tenants: The UK government has announced that commercial tenants...

McGuireWoods LLP on

An amendment to the emergency Coronavirus Bill means that no business will be forced out of its premises if it misses a rent payment in the next three months. The government will continue to monitor the situation, as...more

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