Condominiums & Cooperatives

Housing cooperatives should be beneficial for both members and the cooperative itself. Sometimes, though, disagreements arise. Whether these disagreements are meritorious or baseless, the board might seek to remove a disagreeable member from the coop. According to...

Cooperative living is a growing idea in high-population areas where housing costs are rising fast. These living situations give people ownership at a fraction of the cost of transitional home buying. However, many people still do not understand what cooperative living...

Condominiums tend to be more affordable than traditional single-family homes. You will find condos within communities of other units, despite each condo having a single, private owner. While you may own a unit, you share common areas with other owners. Condo financing...

You may wonder who will pay for repairs to your condominium if it suffers damage. HOAs or condo associations usually have a homeowner’s master policy to cover building repairs. Still, condo owners might need their own insurance to pay for other damages. The Motley...

When considering buying a housing cooperative, it may initially seem a lot like condominiums. However, housing co-ops and condos have notable differences that set them apart. It is important to understand these differences, as they can contribute to the decisions a...

If you are part of a governing board that oversees a condominium or a cooperative, you are familiar with voting on decisions such as whether to hike dues for condo or co-op owners. An increase in fees could happen for different reasons, and it is important for condo...

A cooperative can be beneficial for every member, but in some cases, there is a problem. If something happens, you may wonder if your position within the cooperative is at risk. Texas law does allow cooperatives to remove members. But there are specific rules for how...

More and more condominium communities organize with the help of an owners’ association. Made up of a governing board and members, these groups typically function for the benefit of their communities. The state allows the creation of condominium owners’ associations...

Whether you currently serve on a condominium association's board of directors or you want to purchase a condo, it is pivotal to go over relevant laws. Aside from laws put in place at the state level, it is also crucial to have a clear understanding of federal...

If you are on a condo board, you have probably noticed an increase in insurance costs. In fact, according to Gulfshore Insurance, condo associations can expect to spend between 15% and 30% more on basic insurance coverage. While some of this increase undoubtedly is...