Co-op ownership differs from that of Condominiums in that you own shares in a Corporation instead of holding Title to a piece of property. The Corporation is governed by a Board of Directors. It is this Board that establishes what the requirements are in order to purchase an apartment in their building. After board application package is submitted and reviewed, the board will request an interview.
- Co-ops vs. Condos: Understanding Manhattan Housing
- Coop Board Requirements - What Coop Boards Ask For
- Buying A coop - Be Prepared
- The Co-op Board Interview: Tips to Help Pass a Coop Board Interview