Cooperative Housing Blog
NAHC’s Cooperative Housing Blog addresses hot topics for professionals in the housing cooperative industry. Legal issues, governance, development, tax tips and more are all up for discussion. Stand with NAHC at the forefront of cooperative housing issues to keep the conversation going!
Weak Insurance Coverage Could Expose Boards
by Michael S. Hale, Esq | June 27, 2019 | GovernanceInsurance Issues
Purchasing insurance is indeed a complicated endeavor. All policies differ in their terms and conditions, and it is critical that the board spend quality time every year in assessing the cooperative’s coverages and getting the input of qualified advisors. While many board members believe that the cooperative’s directors and officers liability insurance would cover them […]
An Insurance Attorney’s Top Tips in Buying Insurance
by NAHC | June 27, 2019 | Insurance Issues
Before anything, assure that you have a competent and qualified insurance agent who is more than an “order-taker.” Sometimes, the insurance agent can be even more important than the insurer. Where necessary, consult with or retain outside experts to advise on the integrity of the business insurance program and to provide options to you. Insurance […]
It Is So Simple: What Does a Housing Cooperative Membership/Share Purchase Buy?
by Herbert Fisher | June 27, 2019 | Cooperative Housing 101
It is all in the documents. It is all described in the bylaws. Purchase of a membership or shares issued by a housing cooperative buys more than an undivided ownership of the cooperative corporation. It also buys the right to occupy a dwelling unit owned by the cooperative corporation. The ownership and possessory rights can […]
An Anti-Harassment Policy – A Model Policy – Is Needed
by Herbert Fisher | June 19, 2019 | Legal Advice
With a shifting atmosphere providing more comfort for women to come forward with sexual harassment complaints, housing cooperatives must be alert to having a policy covering this area. This policy should be developed in anticipation that it is more probable today that such a complaint will be made in the cooperative housing setting. The housing […]
Sticky Details of Sensitive Employee Terminations Require Boards to be Diligent
by Randall A. Pentiuk, Esq. | March 27, 2019 | Governance
As all cooperative boards are challenged with the potential of having a contested termination of a member’s membership and occupancy, there is nothing more challenging than a cooperative having to litigate a contested termination action against one of its employees who is also a member of record. It can be quite common in a cooperative […]
