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Certificate of No Harassment Backfires | Real Estate News
REBNY, the Real Estate Board of New York, surprisingly backed a law making its Certificate of No Harassment program permanent — a move that, while meant to shield tenants, is crippling landlords by slowing renovations and blocking permits, even for essential repairs. The board’s strategy? Ride the wave of an inevitable bill to shape it in their favor, arguing that without strong tenant protections, city council won’t approve new developments — despite the fact that this very program makes development harder and more expensive. In practice, the certificate can backfire: owners with clean…
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