Real Estate/Development,
Government
Jun. 19, 2020
State Assembly to vote on bill to bolster borrower, tenant protections
Assembly Bill 2501 must pass off of the assembly floor by Friday. If passed, the bill will put in place certain loan forbearance requirements, eviction and foreclosure moratoriums, tenant rent relief requirements, and other borrower and tenant protections.
Jordan Tessier
Associate
Manatt, Phelps & Phillips, LLP
Jordan's practice focuses on real estate transactions, including acquisitions and dispositions, leasing, development, joint ventures and secured loans.
Linda Rangel
Attorney
Manatt, Phelps & Phillips, LLP
Linda is a Manatt Real Estate attorney whose practice focuses on the representation of developers and investors in the acquisition, sale and development of residential and commercial properties, including the negotiation, drafting, and review of purchase and sale agreements, easement agreements, entitlements, access agreements, title documents, affordable housing regulatory agreements, leasing agreements, financing documents, and joint venture limited liability company agreements and limited partnership agreements.
Grace Winters
Partner
Manatt, Phelps & Phillips, LLP
Grace is a Real Estate partner in the firm's Orange County office. She represents property owners, developers, capital providers, landlords, tenants and investment fund managers in connection with acquisitions, dispositions, joint ventures, exchanges, development, ground leasing, commercial leasing, financing, construction and other transactions involving real property.
On May 19, the California Assembly's Banking and Finance Committee approved Assembly Bill 2501, known as the COVID-19: Homeowner, Tenant and Consumer Relief Law of 2020. On June 3, the bill was amended and approved by the California Assembly's Appropriations Committee. It was then further amended on the assembly floor on June 10, but it remains subject to further amendments by both the California Assembly and the California Senate as it progresses through the legislat...
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