Practice Areas Introduction
A housing association is an organization voluntarily organized by lower-income houseless people to purchase a house (mostly an apartment). In order for a housing association to achieve its purpose, the housing association must obtain approval for the formation of the association from a head of the competent district office after selecting a housing site and recruiting association members, select a constructor who will be a joint main participant in the project, and construct houses with the approval for the project plan in accordance with the Housing Act (it may be required to obtain a PF loan from a financial institution, if necessary). In this process, the executive members of the association such as the association president may use the association dues carelessly or conflicts of interests among the association members may arise (a lot of disputes arise particularly between the association members who had land or a building in the project site and the association members who joined the association without such interest). Sometimes a dispute arises between the housing association and the constructor or between the housing association and the agency.
If these issues are not properly handled in advance, the association members’ share in expenses may increase to a point where the members cannot afford the expenses or the completion of the construction of the houses may be delayed indefinitely or even the project site which was acquired with difficulty may be lost. Therefore, it is no exaggeration to say that the success and failure of a housing association depends on obtaining prompt and accurate legal advice from beginning to end.
