Cooperatives

Purchasers of a Cooperative buy shares in the apartment corporation allocated to a particular apartment. Ownership of the shares entitles the purchaser to a long term proprietary lease for the apartment. Maintenance charges are based upon the number of shares in the corporation allocated to an apartment.

• Before You Buy A Co-op Or Condo
• Cooperative & Condominium Conversion Handbook
  
• How to Handle Problems With A Co-op Board of Managers

Rules and Regulations

• Part 18 of Title 13 NYCRR : Regulations Governing the Conversion of Occupied Residential Property to Cooperative Ownership
  
• Final Amendments to Title 13 NYCRR Part 18
  
• Part 21 of Title 13 NYCRR: Regulations Governing Newly Constructed and Vacant Cooperatives
  
• Final Amendments to Title 13 NYCRR Part 21