New Statutory Requirements for Commercial Leases: SB 1103 Updates California Laws for Landlords and Commercial Tenants
By EsqSocial Corporation 24/12/24
A new California Senate bill (SB 1103 or the Bill) provides commercial tenant protections by amending several sections of the California Civil Code relating to commercial tenancy. These statutory protections will apply regardless of the negotiated terms of the lease amendment. The Bill, which goes into effect on January 1, 2025, now requires (1) certain specified conditions to be met for building operating expenses charged to qualified commercial tenants; (2) longer written notice periods for...
By: Perkins Coie