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NEW YORK POST --City Council Lease Proposal Will Hurt Landlords And City
September 3, 2014
Today’s “progressive” City Council is now coming up with proposals to protect retailers and commercial tenants from paying higher rents and getting booted from their spaces at the end of their leases.
For anyone else, these actions would be considered tortious interference with real estate business decisions. Put them into a leaning-toward-Communist city law (there, I said it) and it becomes a “small business lease program for establishing an environment for fair negotiations in the commercial lease renewal process in order to determine reasonable lease terms.”