Sat.Aug 03, 2019 - Fri.Aug 09, 2019

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Why Should I Worry About The European Union's General Data Protection Regulation (GDPR)?

GDB Firm Blog

The GDPR is a regulation of the European Union that seeks to put control over the personal data of EU residents in their own hands, rather than in the hands of the entity that collected or stored the data. Under Article 3(2) of GDPR, the Regulation covers non-EU companies when the processing of the data relates to offering of goods or services to people in the EU.

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Cooperatives Should Obtain Maintenance Guarantees from Third Parties to Facilitate Apartment Sales

GDB Firm Blog

The Housing Stability and Tenant Protection Act of 2019, passed this June, limits the amount of lease security that a tenant may be required to deposit to one months' rent. This law effectively bars a Board from requiring a tenant-shareholder to deposit a maintenance guaranty that exceeds one months' maintenance charges. How may a Board obtain financial protections so it can approve a sale of an apartment to a buyer with questionable income?

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