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Just a few days ago, SB 939 passed the Senate Judiciary Committee on a minimum number of votes.
We remain opposed to the bill as the amendments taken so far do not sufficiently address our concerns. We anticipate a battle once the Legislature continues its discussions and ultimately moves toward a vote before June 26th.
NAIOP members should be aware of recently proposed California legislation, SB 939 introduced by Senator Scott Wiener (SF), and its potential for having a significant impact on existing commercial leases. If passed, SB 939 would place small property owners into foreclosure by forcing them to float rent for all tenants and gives restaurants the right to walk away from a lease without squaring up for owed rent or paying for property improvements
TAKE ACTION NOW!!!
Proposed legislation negates all current commercial leases to the benefit of one business over another.
SB 939 (Wiener) – Would Have A Significant Impact on Commercial Leases – Set terrible precedent!
* LEGISLATION WOULD USE CURRENT COVID-19 EMERGENCY TO UPEND ALL YOUR LEASES
* REQUIRES ALL LESSORS IN CALIFORNIA TO DEFER LESSEE RENT OBLIGATIONS FOR MORE THAN A YEAR
* ALLOWS A CERTAIN BUSINESS TYPE TO NEGATE LEASE AND WALK WITH NO RESPONSIBILITY FOR TENANT IMPROVEMENT
PARTNERS IN SAFELY RE-OPENING CALIFORNIA RETAIL AND SHOPPING VENUES
BUSINESS GROUPS ASKING FOR DELAY ON SCAG PLAN
PACIFIC LEGAL FOUNDATION: FAQ RE GOVERNMENT’S EMERGENCY ORDERS
WORKERS COMP AND COVID-19
BUILDING CODE SUCCESSES! ELEVATORS & BIRDS
FLAMMABLE REFRIGERANT BILL SHELVED FOR THE YEAR
AMENDED BILL WOULD REQUIRE 25% STATEWIDE RENT REDUCTION
COVID-19 RESOURCES PAGE
CBPA 2020 CALENDAR
The NAIOP SFBA Government Affairs Committee (GAC) has put together the following update for our members to stay informed about California State and San Francisco Bay Area local legislation. The GAC Committee with support from the SF Chapter Board of Directors are excited to announce a partnership with New Deal Advisors. In addition to our Chapter's ongoing relationship with CBPA, that tracks legislation at the State level, New Deal Advisors will be teaming with us to monitor and report on local Bay Area policies that affect commercial real estate.