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News & Press: BOMA Silicon Valley News

Governor Issues Executive Order on evictions, mortgages, and utility shut-offs

Friday, March 20, 2020   (0 Comments)
Posted by: Matthew Peralta
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Earlier this week, Governor Newsom issued an executive order to protect residential and commercial lessors, and homeowners from evictions due to the COVID-19 Pandemic. We have supported the Governor’s actions as during this time of emergency and stay-at-home orders public safety is the first and foremost concern. The quicker we get through this emergency the better for all.

 

The Executive Order authorizes local governments to halt evictions, slow foreclosures, and protect against utility shut offs.  Many local governments have already moved forward and adopted local ordinances including San Francisco, Los Angeles, Sacramento, and many others.

 

The EO applies to both residential and commercial.  The order does not waive the rent obligation of tenants but allows local governments to defer action until May 31, 2020.

 

Our industry provided feedback to legislators working on this issue. Much of our feedback has been taken into account and at the state level, however we know some of your local communities may adopt more strict measures than others.

 

Click here to see the press release.

 

Click here to see the full Executive Order.

 

Click here to see the Commercial Real Estate Industry Letter to Governor Newsom.

 

Click here to see the Commercial Real Estate Industry Press Release.