September 20, 2025 - 22:55
In cooperative buildings, managing the behavior of shareholders can be a complex issue, especially when it comes to hoarding. Co-op boards have the authority to take action against shareholders whose actions have caused damage to the property or posed health risks to other residents. However, it is crucial that these boards adhere to their established rules and regulations during this process.
When a shareholder's hoarding behavior leads to significant concerns, such as pest infestations, fire hazards, or structural damage, the board must first document the issues thoroughly. This documentation serves as a foundation for any potential action. The board is typically required to follow a specific protocol, which may include providing written notices to the shareholder and offering them a chance to rectify the situation.
Ultimately, while co-op boards can take necessary actions to protect the well-being of their community, they must navigate the situation carefully, ensuring that all steps taken are in compliance with the governing documents of the cooperative.
September 20, 2025 - 08:17
Fairfax County Real Estate: Trends and Challenges in September 2025The real estate market in Fairfax County is currently experiencing significant shifts, marked by rising prices and changing inventory dynamics. In 2025, average home assessments increased by 6.65%,...
September 19, 2025 - 22:18
West Shore Real Estate Firm Grows Its Presence in Kentucky with New AcquisitionBOWLING GREEN, Ky. — West Shore, a prominent real estate investment firm specializing in the acquisition and management of high-quality multifamily properties, has made a significant move to...
September 19, 2025 - 02:12
Baltimore Real Estate Agent and Clients Set to Star on “House Hunters”Baltimore area real estate agent Chantre Phillips is making waves as she prepares to appear on the popular cable TV show, “House Hunters,” this Friday at 10 p.m. Eastern. The episode will...
September 18, 2025 - 01:54
Avila Road: A Transformation Story in West Palm Beach Real EstateAvila Road is emerging as a prime example of the significant changes occurring in West Palm Beach`s real estate landscape. Since the onset of the pandemic, this once-overlooked street has undergone...