(a) No public entity shall enact any measure constituting commercial rental control, nor shall any public entity enforce any commercial rental control, whether enacted prior to or on or after January 1, 1988.
(b) However, nothing in this chapter shall be construed to do any of the following:
(1) Relieve any party to a commercial lease or rental agreement of the duty to perform any obligation thereunder.
(2) Preclude express establishment in a commercial lease or rental agreement of the price at which real property may be offered to a subtenant or sublessee.
(3) Impair any obligation of any contract entered into prior to January 1, 1988.
(5) Limit any adjustment of price required or permitted by law due to constructive eviction.
(6) Enlarge or diminish in any way any power which a public entity may have with respect to regulation of rental rates or the ownership, conveyance, or use of any property specified in paragraph (1) , (2) , or (3) of subdivision (d) of Section 1954.26 .
(7) Relieve any party of any requirement or mandate to arbitrate, or deprive any party of any right to arbitrate or compel arbitration, which mandate or right exists pursuant to Title 9 (commencing with Section 1280 ) of Part 3 of the Code of Civil Procedure, titled “Arbitration,” Chapter 2.5 (commencing with Section 1141.10 ) of Title 3 of Part 3 of the Code of Civil Procedure, titled “Judicial Arbitration,” Title 1 (commencing with Section 1823 ) of Part 3 of the Code of Civil Procedure, titled “Pilot Projects,” or any other provision of state law.
(8) Affect in any way, or preclude the inclusion of, any provision in a lease creating any lawful option, right of first refusal, or any covenant to renew or extend the lease or sell the real property or any interest therein.
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