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.
February 21, 2026 - 00:03
January 2026 Alabama Economic and Real Estate ReportThe Alabama housing market began 2026 with its typical seasonal cooling in sales activity, but demonstrated remarkable resilience in pricing power. According to the latest economic and real estate...
February 20, 2026 - 04:36
Amo Exposes “Real State of the Union” Under Donald TrumpIn a powerful address, Congressman Gabe Amo presented what he termed the `real state of the union` from the previous administration, drawing on direct accounts from his Rhode Island constituents....
February 19, 2026 - 21:09
**Pending Home Sales Dip Slightly to Start the New Year**The national housing market experienced a modest slowdown in January, with pending home sales declining 0.8% from the previous month. This metric, which measures signed contracts on existing homes,...
February 19, 2026 - 04:35
Bill Gates Trimming Real Estate Holdings, Lists Secondary Home For $4.8MMicrosoft co-founder Bill Gates has placed a secondary residence in Medina, Washington, on the market with an asking price of $4.8 million. This move comes just a year after the billionaire...