Becker’s Steven Anderson Featured in Co-op & Condo Case Law Tracker: HDFC Board Can Terminate Shareholder’s Lease for Objectionable Conduct
Can a cooperative board terminate a shareholder’s lease for disruptive or threatening behavior—even before the lease ends? In the latest issue of Co-op & Condo Case Law Tracker, Becker shareholder Steven S. Anderson explores a recent New York Appellate Court decision affirming that HDFC (Housing Development Fund Corporation) co-op boards have the same authority as traditional co-op boards when it comes to decision-making under their governing documents. The case underscores the power of the business judgment rule when lease procedures are followed properly—offering crucial guidance for boards navigating behavioral issues in their communities. As part of his Co-op/Condo practice, Steve has particular expertise and experience dealing with the most difficult and seemingly intractable disputes that Co-op Boards and Condominium boards have with their shareholders and unit owners. In a word, he has seen if not everything, quite a lot and is always ready to step into the most contentious matters and disputes.
Read the full article (pages 7-8) here.
The Co-op & Condo Case Law Tracker, a HABITAT product, is a monthly legal publication that provides concise summaries and expert analysis of recent court decisions impacting cooperative and condominium communities in New York. Curated by a distinguished panel of New York co-op/condo attorneys, the Tracker helps board members, property managers, and legal professionals stay informed on evolving case law, covering topics such as shareholder rights, board authority, fiduciary duties, and housing regulations. Each edition offers practical takeaways and real-world implications to guide decision-making and ensure compliance with the latest legal standards.
Steven S. Anderson’s practice is focused substantially on buildings/real estate in Manhattan and Brooklyn, but historically, has spanned all NYC boroughs, Westchester County, and Long Island. He has represented all types and sizes of properties and buildings: small, medium, large (up to 1,700 units), old, luxury construction, and suburban. Unlike many “Coop/Condo” attorneys, Mr. Anderson has 30+ years’ experience serving as both general and litigation counsel to his clients. Indeed, his litigation, in court, negotiating skills and expertise make him particularly adept at litigation avoidance—but always ready for the vicissitudes and uncertainties inherent in litigation, as necessary in his clients’ best interests.
