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Senate Bill 939, a COVID-19 commercial rent moratorium eviction bill sponsored by California State Senator Scott Wiener (D-San Francisco) was amended this week, and, if enacted, would upend existing real estate leases throughout the state. The legislation requires all lessors in California to defer lessee rent obligations for more than one year. It would also allow a certain business type to negate the existing lease contract, removes existing legal remedies, and rights from, and gives one party to a contract the right to walk away from a valid lease. In addition to jeopardizing the rule of contract law between private parties, the bill creates a number of problems, including picking winners and losers in the marketplace.
According to the California Business Properties Association (CBPA):
Click the following link to view the bill text: SB 939 (Wiener) – Negates all current commercial leases to the benefit of one business over another.
Click here to communicate your opposition to S.B. 939: https://p2a.co/aFc8t2d