Protect Your Rights In Co-Op And Condominium Governance Disputes
Co-op boards and condominium boards wield significant power over the lives of shareholders and unit owners. Boards approve or deny sales, impose assessments, set house rules, and make decisions that affect property values and living conditions. Yet board power is not unlimited— boards owe fiduciary duties to the shareholders and unit owners they serve and must act fairly and in good faith. When boards abuse their authority, make decisions that benefit themselves at the expense of residents, or act arbitrarily in denying a sale or imposing excessive fees, shareholders and unit owners have the right to challenge those decisions. Sverd Law Firm has successfully represented residents in corporate governance disputes with co-op and condominium boards.
Common Governance Disputes
Board governance disputes arise frequently in residential buildings. A board may arbitrarily deny a shareholder’s request to sell their apartment or impose unreasonable conditions on the sale. A board may impose special assessments or maintenance increases that appear excessive or unjustified. A board may adopt rules or policies that discriminate against certain residents or favor board members and their allies. A board may fail to maintain the building properly or waste common funds on unnecessary expenditures. Board members may have conflicts of interest—voting on matters that benefit themselves or relatives. Shareholders and unit owners should not have to accept arbitrary, discriminatory, or wasteful board conduct.
We Enforce Resident Rights
Sverd Law Firm pursues corporate governance claims to hold boards accountable for breaching fiduciary duties, acting arbitrarily, or abusing their authority. We challenge improper board decisions, seek injunctive relief to stop unlawful conduct, and recover damages for harm caused by board misconduct.
Let Us Handle Your Case
If you are in a dispute with your co-op or condominium board, email us to schedule your initial consultation today.