Housing cooperative services
- Buyout or partial buyout in connection with conversion of the housing cooperative to self-owned houses.
- Division of a housing cooperative into two or more parts.
- Sale of part of a property. Advice and valuation in connection with attic conversions.
- Conversion of attics and similar spaces for use by co-op members.
- Adjustment of participatory shares in connection with conversion or construction of new units.
- Rent inquiries as a basis for determination of fair market rent for commercial premises.
- Reduced housing cost by having members take over all or part of the association’s loans, capital contribution. Interest payments are tax-deductible at 30 percent.
- read more about Capital contribution >>
- Tax aspects of genuine vs. non-genuine housing cooperatives.
- Land survey questions.
- Be chairman at the annual general meeting.
- Prepare new bylaws.
- Prepare a new financial plan.
- Start or modify joint ownership associations.
- Negotiate with the municipality regarding buyout of the site leasehold or the ground rent for the leasehold.
- Valuation of the property when a new bank loan is to be negotiated.
