Save NYC's Most-Beloved Small Businesses - Mom & Pop Rent Increase Exemption
New York City’s small businesses are increasingly under pressure as commercial rents rise, often facing rent increases upwards of 86 percent, especially when their leases expire. New legislation would create a property tax exemption for landlords who offer independently-owned small businesses a long-term lease with fair increases & a fair renewal clause. This “Mom & Pop Rent Increase Exemption” would save some of NYC’s most-beloved small businesses, preserve retail diversity, and create more livable neighborhoods.

A new Council Report, Planning for Retail Diversity, demonstrates the explosive growth of chain stores, skyrocketing rents for retail space, and evidence of “high rent blight” where landlords leave retail storefronts vacant in the hopes of attracting higher rent tenants.

Sign the petition below to join NYC Council Member Brad Lander, NY State Senator Brian Kavanagh and Assembly Member Yuh-Line Niou in support of legislation that will encourage landlords to enter into long-term, affordable leases, with fair renewal clauses, with mom & pop retailers.

Let's work together to save NYC's most-beloved small businesses.

Click here to learn more: http://bradlander.nyc/news/releases/legislators-announce-proposal-for-mom-pop-rent-increase-exemption-to-help-save-nyc-s-m

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