SB 1103 (Menjivar D) Tenancy of commercial real properties: agreements: building operating costs.

Current Text: Chaptered: 9/30/2024 

Last Amend: 8/22/2024

Status: 9/30/2024-Approved by the Governor. Chaptered by Secretary of State. Chapter 1015, Statutes of 2024.

Location: 9/30/2024-S. CHAPTERED

Summary: Current law requires a landlord of a residential dwelling to give notice to the tenant a certain number of days before the effective date of a rent increase depending on the amount of the increase, as specified. This bill would apply this requirement to leases of commercial real property by a qualified commercial tenant, as defined. The bill would specify, in all leases for commercial real property by a qualified commercial tenant, that a rent increase would not be effective until the notice period required by these provisions has expired. The bill would also specify that a violation of these provisions would not entitle a qualified commercial tenant to civil penalties. The bill would require a landlord of a commercial real property to include information on these provisions in the notice.