Posts Tagged ‘lease’
The Terrible Two’s Threatening Our Industry: AB 2364 and SB 1103
The legislature is back from its summer recess, and the fate of the remaining legislation will be determined in the next four weeks.
While we are following numerous bills, two stand out as particularly damaging for our industry: AB 2354 and SB 1103.
LA County Supervisors Unanimously Move to Explore New Small Business Lease Rules
The Los Angeles County Board of Supervisors has unanimously passed a motion to analyze commercial rents in the county.
Its motion would also explore new regulations for those who lease to small businesses and non-profits.
This motion is a first step toward more interference in commercial leasing. And it will further burden an industry that is still trying to recover.
Can Tenants Avoid Lease Payments?
Under the current local and state emergency orders, building owners are working closely with tenants to maintain the status quo of a clean and habitable space and continuation of lease payments. However, some tenants may claim “force majeure”, “frustration of purpose”, or “impossibility”, causing them to seek rent deferral or abatement.
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