Real Estate/Development,
Government
May 28, 2020
Commercial landlords say they’ll be bankrupted by bills to help tenants
If passed, SB939 would among other things enact a moratorium on commercial eviction — for small businesses and nonprofits — during the Covid-19 state of emergency, and would also allow tenants in the hospitality sector to renegotiate or walk away from commercial leases.
Commercial landlords say temporary emergency bills intended to help struggling tenants during the pandemic will cause permanent damage by encouraging tenants to break leases, shifting financial losses to landlords.
The bill receiving the most criticism from landlords is SB 939, advanced last Friday by a 5-1 of the Senate Judiciary Committee.
If passed, it would among other things enact a moratoriu...
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