News Briefs

Lease and eviction relief proposed for small businesses and nonprofits

If a new bill proposed in Sacramento is adopted, small businesses and commercial landlords would be able to modify leases in light of the economic devastation wrought by Covid-19. SB 939, introduced in mid-May by Senators Scott Wiener (D-San Francisco) and Lena Gonzalez (D-Long Beach) would let small  businesses renegotiate their leases if they have lost more than 40 percent of their revenue due to pandemic restrictions and if they continue to operate at reduced capacity as a result of the social distancing requirements. If the tenant and landlord fail to agree on a new lease, the tenant can terminate the lease without penalty. 

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