Condominium Association and Coop Law

A Condominium Association is a group of property owners in a shared building or development, responsible for managing common areas and enforcing community rules. It collects fees for maintenance and improvements. Coop Law, or cooperative housing law, involves ownership through shares in a corporation that owns the property, giving residents the right to occupy their unit. Both structures aim to ensure smooth operations, uphold property values, and provide a framework for resolving disputes among owners or tenants, guided by specific state laws and regulations.