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california Senate - Housing
SB-1103 (2023-2024)
Tenancy of commercial real properties: agreements: operating costs.
District 20 - Senator Menjivar
Purpose
Seeks to disrupt the commercial leasing landscape by imposing requirements detrimental to both property owners and the small businesses and nonprofits this bill aims to protect. It proposes unnecessary constraints, such as capping security deposit and rent control, which could stifle the flexibility and mutual benefit inherent in commercial leasing.
Seeks to disrupt the commercial leasing landscape by imposing requirements detrimental to both property owners and the small businesses and nonprofits this bill aims to protect. It proposes unnecessary constraints, such as capping security deposit and rent control, which could stifle the flexibility and mutual benefit inherent in commercial leasing.
History 09/30/24 - Chaptered by Secretary of State. Chapter 1015, Statutes of 2024.
Votes: 08/31/24 (PASS) - Senate Floor - Unfinished business SB-1103 Menjivar et al. Concurrence.
Votes: 08/31/24 (PASS) - Senate Floor - Unfinished business SB-1103 Menjivar et al. Concurrence.
Position
- Recommended Position: Oppose
- Negatively affects small mom and pop start-ups or large landlords, as they are put in greater risks by disallowing them to protect themselves with appropriate deposit amounts.
- Reduces the ability for smaller startup businesses to compete against larger commercial businesses.
- Potential new rent control would again diminish opportunity for small businesses.
Read the official bill. Click Here