Housing cooperative ownership has variations like tenants in common, joint tenants, or tenants by the entirety, impacting rights of survivorship.
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returned by “Transfers”
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ArticleTopicsColumn TypeIssue
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The Name Game
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Changing a Name Is the Starting Point
Shareholders seeking stock transfers in co-ops must follow a board-approved procedure, including legal transactions, judgments, and lender approvals to ensure equal treatment.
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Know When You Can — and Can’t — Deny Succession
There are limits to when a board can deny succession rights in a Mitchell-Lama.
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Protect Your Co-op When Granting Share Transfers to a Trust
Co-ops don't need to be afraid of trusts, as long as the risk is shared.
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Who's Subject to Flip Taxes?
Non-cash sales transfers can put boards in a tight spot.
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When a Transfer Is Not a Transfer
In this court case, the board couldn’t approve a sale or collect a flip tax.
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How to Deal with Tricky Transfers
Be aware when dealing with transfers, and trust your transfer agent.
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How to Avoid Estate Issues
Boards should alert owners of jointly owned units to review their estate plans.
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The Battle for the Extra Rooms
Who has the right to use ancillary rooms directly outside the service door of a specific unit?
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Geoffrey Mazel, Hankin & Mazel
Be sure you’re protected when shareholders want to transfer shares to a trust.
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