Modern Technology for
Co-op Board Management
Cooperative buildings operate under a governance model unlike any other. LRI Connect is built from the ground up for the distinct legal structures, approval processes, and compliance demands that define co-op living.
Co-ops Operate Differently
A cooperative is not a condominium. Shareholders hold proprietary leases rather than deeds. Transfers require board approval — often including application packages, financial disclosures, and formal interviews. The governance structure centers on a board of directors with fiduciary obligations to the corporation, not simply a homeowners association managing common areas. These distinctions are fundamental, and software that ignores them creates more problems than it solves.
Generic property management platforms treat co-ops as a variation of condominiums, layering workarounds on top of a model designed for unit owners, not shareholders. Share transfer workflows get reduced to basic form submissions. Board approval processes — which may involve multiple interview rounds, reference checks, and financial committee reviews — are shoehorned into simple ticket systems. Proprietary lease management, alteration agreements, and sublet approval tracking become afterthoughts handled through spreadsheets and email chains.
New York City co-ops face additional regulatory layers: flip tax calculations, right of first refusal procedures, and compliance with local housing regulations that vary by building class. When your technology doesn't understand the difference between a shareholder and a unit owner, every workflow downstream inherits that confusion. Boards spend more time managing their software than managing their building.
Technology That Understands Co-op Governance
LRI Connect handles the workflows that define cooperative living — share transfers, board approvals, compliance ceremonies, and shareholder communications — with the precision and audit trail your board requires.
Share transfer compliance is managed through digital signing ceremonies — a structured, sequential workflow where every required party signs in order, with forensic metadata captured at each step. The board receives a complete audit trail: who signed, when, from what device, with cryptographic verification that nothing was altered after the fact. This isn't an e-signature bolted onto a PDF. It's a purpose-built compliance ceremony system with legal defensibility at its core.
Board approval workflows mirror how co-op boards actually operate. Application packages can be routed through committees with tracked review stages. Interview scheduling, reference check documentation, and financial committee notes live in a single, secure thread tied to the transfer — not scattered across email inboxes. Every decision is recorded with timestamps and attribution, creating the institutional memory that protects boards years down the line.
The AI concierge is trained on your building's specific bylaws, house rules, proprietary lease terms, and sublet policies. When a shareholder asks about alteration agreement requirements or guest registration procedures, the concierge draws from your actual governing documents — not generic answers. Document management keeps proprietary leases, shareholder agreements, board minutes, and financial statements organized with automatic AI indexing, so every document is searchable and feeds the concierge's knowledge base.
Signing Ceremonies
Digital compliance ceremonies with sequential signing, forensic metadata capture, and cryptographic verification — built for the legal defensibility co-op transfers demand.
Shareholder Management
Centralized shareholder directory with proprietary lease tracking, document management, and a complete history of every transfer, approval, and compliance milestone.
Board Governance
Meeting management, compliance evidence tracking, voting records, and board analytics — the complete governance toolkit for co-op boards with fiduciary responsibilities.
Built from Real Co-op Experience
LRI Connect is created by Luxury Realty International, a firm that manages luxury cooperative and condominium buildings and understands the governance challenges boards face daily. This isn't generic property management software with a co-op label applied after the fact. Every workflow — from share transfer compliance to board interview tracking — was designed around how co-op boards actually operate.
The signing ceremony system exemplifies this approach. Rather than adapting a generic e-signature tool, we built a sequential compliance ceremony engine from scratch. Each participant signs in order. Forensic metadata — device fingerprint, geolocation, screen dimensions, browser environment — is captured and sealed at every step. The completed ceremony produces a cryptographically verified certificate with a full audit trail that stands up to legal scrutiny. This is the kind of infrastructure co-op transfers require, and it only exists because the platform was built by people who understand the stakes.
The same philosophy extends to every module. The AI concierge doesn't give generic answers — it's trained on your building's proprietary lease, bylaws, and house rules. The document hub doesn't just store files — it indexes them automatically so your concierge, your board, and your shareholders can find exactly what they need. The governance suite doesn't just track meetings — it creates the institutional record that protects your board for years to come.
See How We Handle Co-op Governance
Schedule a private demo and we'll walk you through share transfer workflows, signing ceremonies, and the full governance suite — configured for your cooperative.
Request a Private Demo