The Redeveloper

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Is a Form of Rent Control Coming To New York City’s Commercial Spaces?

Commercial landlords and tenants should be aware of a bill that could significantly impact the commercial leasing landscape in New York City.  This proposal, named the Small Business Jobs Survival Act (“Act”), would require all commercial landlords to negotiate a new 10-year lease with a tenant whose lease expires on or after January 1, 2019.  […]