An important message to our NAIOP SoCal Members …
We don’t ask you very often to write letters to legislators opposing BAD legislation. Unfortunately, this legislative session may be unusual in that regard, so thank you very much for taking the time to contact our elected officials when we ask. It will only take a few minutes and it will make a difference. NAIOP SoCal is sending a letter, but individual letters are very important.
Yesterday, the California Business Properties Association (CBPA), our legislative advocates in Sacramento, sent out an alert on amendments to SB 939, a COVID-19 commercial rent moratorium eviction bill, that will upend existing real estate leases throughout the state. Details on the amendment are outlined below
Click here for a sample letter in a Word document for you to simply put on your letterhead, sign and email. Action is needed TODAY to ensure comments are included in the committee analysis.
PROTECT YOURSELF – OPPOSE SB 939! (CBPA Analysis)
California State Senator Scott Wiener (D-San Francisco) yesterday amended SB 939, a COVID-19 commercial rent moratorium eviction bill, in a manner that upends existing real estate leases throughout the state.
Our reading is that SB 939 clearly violates the Contracts Clause of the U.S. Constitution and fails the basics of the Blaisdell Test that any court will apply to this legislation.
This bill allows withholding of rent for more than a year, removes existing legal remedies, and rights from, and gives one party to a contract the right to walk away from a valid lease.
Additionally, SB 939 is too broad, poorly written and confusing, does not balance the needs of both parties, is not a reasonable solution, and would prolong the economic pain it purports to address.
SB 939 would bring great harm to the economy and your business: