When the culture changes at a co-op, so can its tolerance for bad behavior. Have you seen this play out?
Yes, I have. We represent a former Mitchell-Lama co-op that was privatized about three years ago. Many of the co-op’s shareholders were low- to middle-income people who had been living there for decades. The co-op had a resident who was sending abusive and nasty letters to board members and other shareholders.
Even more egregious, she was so abusive toward the building’s staff that a couple of employees had quit. Eventually it came to a head, and the board finally decided they had to do something.