Proposed law could allow ailing California restaurants to terminate lease agreements (Via EaterLA)
Not only would the bill put in place a commercial eviction moratorium for businesses and non-profits, it “creates space for hospitality businesses to renegotiate rent where capacity has been slashed due to social distancing,”Under the bill, if landlords and tenants can’t agree on a new rent that takes into account decreased sales due to the stay-at-home orders, tenants would be able to single-handedly terminate the lease — allowing operators to avoid lawsuits or bankruptcy.
The bill excludes publicly traded companies from terminating leases, which means many larger chain restaurants, like Cheesecake Factory —outlined specific guidelines for restaurants hoping to reopen their dining rooms to customers in the coming weeks and months, including disinfecting tables, ordering ahead, and separating tables by at least six feet. Despite the progress in guidelines, LA County has signaled that the stay-at-home orders could remain in place until, leaving many Los Angeles restaurants and bars to wonder when they’ll be able to reopen dining rooms.
The proposed bill would certainly give a lifeline to eating establishments for one of their largest expenses — rent — but it contains no provisions for landlords, who could still be on the hook for mortgage payments. Ultimately, Wiener tweeted, the point of the bill is to incentivize negotiated rents: “We want these business to survive. It’s in all of our interest, including the landlords.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Proposed French law would slap social media platforms with hefty fines for toxic contentThe French lower house of Parliament passed a bill this week requiring social media platforms to remove hate-filled and toxic posts within 24 hours or face massive fines.
Weiterlesen »
Law Firm Hackers Claim to Have Dirt on Donald Trump, Up Data Ransom to $42MThe cyber-extortionists who stole a trove of private data from entertainment law firm Grubman Shire Meiselas & Sacks now have a new target in their sights: President Donald Trump. In a blog pos…
Weiterlesen »
Celeb Law Firm Refuses Hacker Ransom as Lady Gaga Files Leak“The leaking of our clients’ documents is a despicable and illegal attack by these foreign cyberterrorists,” rep for Grubman Shire Meiselas & Sacks says
Weiterlesen »
Law enforcement groups urge mental health awareness amid coronavirus'There's no question that police officers, health workers, ambulance drivers are being subjected to enormous trauma, which really of underscores the importance of providing them with mental health support in the in the days and years ahead.'
Weiterlesen »
Opinion | Obama’s Crocodile Tears for the Rule of LawFrom WSJopinion: Barack Obama has sharp words for President Trump but, as usual, little self-awareness, writes KarlRove
Weiterlesen »
Opinion | Coronavirus Demands a Privacy LawFrom WSJopinion: Silicon Valley’s role in contact-tracing apps and social-distancing enforcement should have American worried, writes FTC commissioner Christine Wilson
Weiterlesen »