Property Management
In New York, a 'certificate of no harassment' is required in which circumstance?
AWhen a landlord applies for any building permit
BWhen a landlord applies for certain permits (such as for major alterations) in buildings where the owner may have engaged in tenant harassment to vacate units✓ Correct
CBefore a building can be listed for sale
DWhen a tenant files a fair housing complaint
Explanation
In New York City, a Certificate of No Harassment (CONH) is required before certain building permits are issued for buildings where tenant harassment (to force tenants out and deregulate apartments) has been alleged. The CONH program is intended to deter landlord harassment and protect tenants in rent-regulated buildings.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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