New Bill Seeks to Guarantee Lease Renewals for NYC Small Businesses

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February 23, 2026
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New legislation supported by The Action Lab was introduced on Monday to cap commercial rent increases and guarantee lease renewals for small businesses across New York City. The Small Business Rent Stabilization Act (S8319/A5568A) would create a Commercial Rent Guidelines Board to set maximum annual rent increases for commercial tenants and provide lease renewal rights with a default 10-year renewal term.

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