Comparing the two Bills

“Tenants Rights Bill”       Levin’s “Landlord Bill”

Small Business Jobs Survival Act       Commercial Rent Control

1. Right to renew commercial lease   YES           NO right to renew lease.                                                                                                                                                                              Stores can be given 30                                                                                 

                                                                                          day notice to vacate  premise.

2. Right to a minimum 10 year lease YES           NO Length of lease -is solely up to landlord.

3. Government has NO involvement  YES           NO Rent increase percentage 

in commercial lease renewal  process                 determined by Government Guidelines                                                                                                                                                  Board each year.

   

4. Arbitration Process available if     YES           NO Arbitration process, 

 mutual agreement cannot be reached.              instead expensive and time consuming

                                                                                         NYC  courts.                                                  

5. Equal rights for negotiations for   YES           NO rights for tenant in negotiating new lease

both parties in creating new lease terms           terms, 100% exclusive rights for  landlord.

                                                                                          Keeps the Status Quo!

                                                                               

6. Protection from extortion by          YES           NO real protections from any landlord abuses.

unscrupulous landlords demanding                     Possible fines but useless without "right to renewal"

cash                                                                                  protections. No business owner will report landlord

‚Äč

7. Stops rent gouging                              YES           NO Structure of biased real estate board and                                                                                                                                       guidelines favoring  landlords does not                                                                                                                                                 ensure end of sky high rents.

8. Applies to all commercial leases    YES           NO only retail less 10K, sq feet, manufacturing                                                                                                                                 less 25k, professional & office less 10K

9. Would protect arts and cultural     YES            NO not specifically stated

Space.                                                                      

  

10. Protection for tenants forced to  YES             NO Board guidelines allows Landlord’s    

pay landlords’ property taxes.                                 property taxes to be factored into tenants’                                                                                                                                          rent               

11. Arbitration is determined on a     YES             NO arbitration process available to tenant

case by case basis                                                        only a “take it or leave” option.

 

12. Tenant has real input into              YES             NO real opportunity for any input by tenant.

determining new rent either thru                           Government sets rent guidelines which real     

negotiations with landlord or thru                         estate industry controls. 

an arbitration process.                                          

 

13. Tenants unable to pay new rent    YES            NO Tenant given 30 day vacate notice. 

can still stay in business until new                            

tenant is found. Has the right to match                Stores could be empty  for years!!

new asking rent and remain in business.          

Would end future empty storefronts.                                                                  

                                                                       

14. Jobs Act proven fully                       YES              NO Discriminates arbitrarily by 

constitutional. Most legally vetted bill                 basing  law on specific leases and sizes.     

in Council history                                                            Will be challenged in court.

                                         

15. Landlords seeking high rents        YES              NO Any landlord seeking higher rents 

cannot kick out tenant when lease expires           can kick out tent when  lease expires.