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 4, 2026 - 10:31
Claire Sucsy, “vivacious spirit” and successful real estate broker, dies at 89Claire Lyle Sucsy, a beloved figure known for her vibrant personality and professional acumen, passed away peacefully on January 24, 2026. She was 89 years old. Her life was a testament to warmth,...
February 3, 2026 - 22:38
Friends reflect on the life of real-estate developer, race car driver killed in alleged robberyThe Wiregrass community is in mourning following the tragic death of 48-year-old Blake Bowen, a well-known local real estate developer and passionate race car driver. Bowen was found deceased in...
February 3, 2026 - 02:37
Simon Property Group Q4 Earnings Call HighlightsSimon Property Group executives detailed a period of significant financial and operational strength during their recent fourth-quarter earnings discussion. The company announced record funds from...
February 2, 2026 - 22:41
Foreign Commercial Real Estate Capital Rethinks the U.S.The landscape for foreign investment in American commercial real estate is undergoing a significant shift. While international capital is not exiting the market en masse, a new era of heightened...