July 13, 2024

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NYC Law Providing Relief for Commercial Tenants Faces Constitutional Scrutiny

New York Town Mayor Monthly bill de Blasio delivered a further placing blow to property entrepreneurs when he signed into legislation N.Y.C. Council Int. No. 1932-A (2020) on May perhaps 26, 2020. The new laws prohibits landlords from enforcing private guaranties on specified commercial leases for defaults taking place involving March 7, 2020 and Sept. thirty, 2020.