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Landlords Sue Over Rent Freeze | Real Estate News
Six landlords are suing New York City’s Rent Guidelines Board over its recent rent freeze, claiming the process was rigged and predetermined — a move that could upend how rent hikes are decided in the city. They argue the mayor stacked the board with loyalists, spent city funds to flood hearings with tenant advocates, and ignored rising operating costs. A former board member called it “theater,” saying the board starts with a conclusion and backs it up with evidence. The suit, filed in Staten Island, directly challenges the mayor’s campaign promise of board independence. Tenant advocates…
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