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Bill Allowing Commercial Tenants to Renegotiate, Break Lease Deals Advances in Calif.

BY GREG CORNFIELD

The state’s Senate Judiciary Committee advanced a bill on Friday that would allow small businesses — like cafes, restaurants and bars — to renegotiate and modify lease deals if they have been impacted by shelter-in-place orders and economic shutdowns.

Commercial landlords and property owners across California may need to get a lot of Wite-Out ready.

The state’s Senate Judiciary Committee advanced a bill on Friday that would allow small businesses — like cafes, restaurants and bars — to renegotiate and modify lease deals if they have been impacted by shelter-in-place orders and economic shutdowns. If an agreement isn’t reached after 30 days of negotiations, the tenant can break the lease with no penalty.

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