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Hold landlords’ rent in escrow to ensure compliance with codes

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Hold landlords’ rent in escrow to ensure compliance with codes To keep landlords from walking away from their property tax bills, the city [of Schenectady] needs to revise the way it deals with rental property. I suggest that each month’s rent be put in an escrow fund from which, after one month, the city can withdraw one-twelfth of the tax bill. The residual — if no code violations exist — would be available to the ...


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