Our industry has been successful in stopping AB 2538 (Nazarian; D-Sherman Oaks) a bill which seeks to ban a commonly used business-to-business contractual agreement in leasing of commercial space.  After two weeks of intense education meetings with the author, his staff, and members of the Judiciary Committee, the bill was “dropped,” because the author came to the conclusion that the policy was not going to actually fix the issues he wanted addressed in his district.

In order to help address those issues of interest, ICSC Vice President Herb Tyson flew out from Washington D.C. for a day of intense meetings to provide first hand accounting of how these lease provisions work and is currently working to focus expert resources on the properties in question.

In addition to ICSC, RILA, the California Retailers, CalChamber, NFIB (and many others, including individual retailers/tenants), have stepped up to assess issues related to this measure.  We’d like to thank everyone that assisted in this matter – and we’d also like to thank Mr. Nazarian for bringing forward a bill thought to have brought our industry resources to the table to focus on ways to improve several commercial properties.

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