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Elderly & Mentally Compromised Residents in Your Condo or Coop are a Significant Challenge for Board Members and Management

/ Owner - August 31, 2024

The demographics of many multifamily buildings are shifting. The original residents who bought in decades ago are now aging in place, leading to a rise in the number of elderly residents and those with mental health challenges. This presents unique challenges for boards and property managers who have a fiduciary obligation to all owners/shareholders and sometimes have to make tough decisions in these situations, especially if the persons pose a risk to the life, health and safety of other residents.   Read the article…………………………….

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