Wednesday 23 September 2020

Restaurant, retailer lease protections poised for extension from City Council

The City Council is poised to extend a measure that protects restaurants and retailers who violate their leases. The Council on Wednesday will vote on a bill that prohibits the enforcement of personal liability provisions in commercial leases or rental agreements in cases where a default occurred between March 7, 2020 and March 31, 2021. The initial measure, which was sponsored by Manhattan Democrat Carlina Rivera and approved in May, only applied to defaults that



source https://therealdeal.com/2020/09/23/restaurant-retailer-lease-protections-poised-for-extension-from-city-council/

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