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STOP COMMERCIAL RENT CONTROL

rebny_president_memo_banner_nyreblog_com_.gifTo:  REBNY Members

Date: November 24, 2009

Re:  Stop Commercial Rent Control - Go To www.REBNYActionCenter.com

 

The City Council has introduced commercial rent control legislation (Intro No. 847) that would affect retail and office space.

 

The bill would mandate lease renewals and the arbitration of commercial rents, would allow tenants to reject the arbitration decision and remain in the space at a five percent increase and grant the tenant a right of first refusal for lease term terms the owner negotiated with a new prospective tenant.

 

To stop commercial rent control go to the REBNY Action Center.com and send an email to your elected official urging them to oppose this harmful legislation.

 

Sincerely,

 

Steven Spinola

 

Posted by Lucas A. Ferrara, Esq. on November 25, 2009 12:00 PM |

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