NYC Council Introduction 21

intro.nyc/0021-2022 2022-2023 Legislative Session
Requiring a clause in commercial leases that obligates the parties to engage in good faith negotiations during certain states of emergency.
Status: Filed (End of Session) Committee on Small Business
Sponsored by Justin L. Brannan
Introduced: February 10, 2022

This bill would require parties, contracting to rent commercial property or with existing commercial leases, to engage in “good faith” efforts to negotiate toward a rent concession if the tenant’s business is required to close pursuant to an order issued as a result of a state of emergency.

Sponsors: 7