Proposed Law Could Allow California Restaurants to Terminate Leases | Eater LA

"As a publicly traded national chain, this restaurant would be excluded from the bill's provision allowing tenants to unilaterally terminate leases when capacity—and therefore sales—has been sharply reduced. The legislation instead creates a commercial eviction moratorium and seeks to encourage negotiated rent adjustments, but because publicly traded companies are barred from terminating leases, larger chains would not be able to use the measure to escape future rent obligations. The chain reportedly skipped its April rent payment, underscoring the financial stress prompting the proposal; the bill would still leave tenants liable for any accrued back rent even if a lease were ultimately canceled." - Matthew Kang