To: 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