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Tito Escobar

As seen in: JD Supra, Mondaq
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Articles

New York Legislature Targets Real Estate Lenders To Lower Rents

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By Mahesh Parlikad, David Paulson, Michael T. Riess, Tito Escobar
| Mondaq
In an effort to protect small businesses from high rents, on June 13, both houses of New York's legislature passed a bill, S1163, that prohibits "rent minimums" in real estate secured loan documents. As of this writing, this bill has yet to be delivered to the governor for her signature. To become law, this bill must be signed by the governor no later than August 31, 2025.
Open in Who Shared Issue with article?

New York Legislature Targets Real Estate Lenders To Lower Rents | JD Supra

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By Tito Escobar, Mahesh Parlikad, David Paulson
| JD Supra
In an effort to protect small businesses from high rents, on June 13, both houses of New York's legislature passed a bill, S1163, that prohibits "rent minimums" in real estate secured loan documents. As of this writing, this bill has yet to be delivered to the governor for her signature. To become law, this bill must be signed by the governor no later than August 31, 2025.
Open in Who Shared Issue with article?

New York Legislature Passes Bill Banning Rent Minimum Provisions In Real Estate Loan Documents

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By Tito Escobar, David Paulson, Mahesh Parlikad, Michael T. Riess
| Mondaq
On June 13, both houses of New York's legislature passed a bill, S1163, that prohibits "rent minimums" in real estate secured loan documents. As of this writing, this bill has yet to be delivered to the governor for her signature. To become law, this bill must be signed by the governor no later than August 31, 2025.
Open in Who Shared Issue with article?
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