Cooperatives are a great choice for those who want the convenience of a community-based living plan without the closing costs associated with purchasing a condo or home. By purchasing a share in the cooperative corporation, an owner can take advantage of the amenities, financial leverage, and protections offered in this sort of housing arrangement. Cooperative board members know, however, that the corporation only runs smoothly through a lot of sweat, tears, and paper cuts, and that the tasks of setting guidelines, enforcing rules, and fielding complaints and suggestions can be difficult – especially without expert help. Mistakes made at the planning stage can sometimes blossom into full-blown logistical nightmares, and incorrectly understood and enforced rules can lead to expensive lawsuits.
Nagle & Zaller, P.C. want to be the go-to experts for your cooperative.
The cooperative attorneys at Nagle & Zaller, P.C. understand the unique aspects of cooperative living. In addition to providing our cooperative clients with comprehensive and practical legal advice concerning the admission of members, transfer of membership, community governance, assessment collection, rule promulgation, adoption and enforcement, amendment of governing documents, architectural control, zoning and other related issues, we are at your service to defend the cooperative and its board members when necessary. We have helped cooperatives design detailed agreements and amend bylaws, proprietary leases, rules and other membership documents. We have helped resolve disputes between the cooperative and its members, as well as conflicts that arise between and among individual members.
For more detailed information concerning how we can help your cooperative, please contact us today.