- Requiring commercial landlords to notify commercial tenants 180 days before their leases expire and inform them whether they will be granted an option to renew and, if not, provide a valid reason why
- Requiring commercial landlords to give small-business renters the option of signing a 10-year lease
- Enabling small business owners to send lease disputes to binding arbitration
- Capping security deposits
- Imposing “prohibitions on landlord retaliation.”
“Small businesses are the backbone of our economy and are major employers,” Councilmember Ydanis Rodriguez said in a statement when he reintroduced the bill in March. “The pizzerias, the bodegas, the hardware stores, the Jewish bakeries, the Indian restaurants, among many others, have all shaped the character and culture of New York City that must be protected.” A 2009 version of the bill was quashed when then-Speaker Christine Quinn refused to bring it to the floor for a vote, citing concerns from Real Estate Board of New York (REBNY).