The Small Business Jobs Survival Act (SBJSA) is gathering steam in New York. City Councilman Jimmy Van Bramer has just signed on to the bill, which seeks to give commercial tenants a few more chips at the bargaining table. In the face of ever increasing rents, many believe the SBJSA couldn’t be more needed. Among other things, the bills give tenants in good standing the right to renew their lease for an additional 10 years, and allows artists to bring the dispute to binding arbitration by a third party.
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