Allows commercial tenants with triple net leases to withhold rent if the landlord fails to pay utility bills.

The bill, known as the "commercial tenant protection act," amends the real property law to allow commercial tenants with triple net leases to withhold rent if the landlord fails to pay utility bills. A triple net lease requires the tenant to cover all expenses, including real estate taxes, property insurance, operating expenses, rent, and utilities. If a utility company terminates service due to the landlord's non-payment, and the tenant has paid all other charges, they may withhold rent proportional to the days without utilities.

Allows commercial tenants with triple net leases to withhold rent if the landlord fails to pay utility bills.

The bill, known as the "commercial tenant protection act," amends the real property law to allow commercial tenants with triple net leases to withhold rent if the landlord fails to pay utility bills. A triple net lease requires the tenant to cover all expenses, including real estate taxes, property insurance, operating expenses, rent, and utilities. If a utility company terminates service due to the landlord's non-payment, and the tenant has paid all other charges, they may withhold rent proportional to the days without utilities.