Co-op Board Approval

New York City Attorney Helping You With the Co-Op Board Approval Process

Buying a co-op is not really buying real estate. Instead, you buy shares of stock in the cooperative corporation which holds the title to the building where the apartment is located. You'll get a "proprietary lease" which allows you to occupy a specific apartment. Financing is usually available for most co-ops.  A complicated co-op board approval process is required. A New York City co-op board lawyer will know how to navigate you through the process.

The co-op board typically requires that you submit an Application for approval as a shareholder.  The Application asks for both personal and financial information.  The co-op board may review your credit and tax returns.  The Board will also want to interview you.

Typically, the contract of sale for the co-op apartment is made contingent upon the approval of the sale by the co-op board.  If the board does not approve the sale, the contract can then be cancelled and the purchaser's contract deposit will be returned.  Co-op boards have very broad discretion with regard to approving or disapproving sales of co-op apartments.  It is very difficult to challenge the Board's decision in Court.

A good New York City co-op board attorney with special knowledge of co-op contracts and the co-op board approval process can help.  I have represented hundreds of clients who have bought or sold cooperative apartments.  I attempt to provide clients with guidance and suggestions regarding the co-op board approval process.

I graduated in the top 10% of my class at The New England School of Law in Boston and served on the staff of a NYC Councilperson and NYS Assemblyman.  I provide my clients with personal legal representation and am committed to the success of my clients.

If you have any questions just call (212) 355-2575 and someone will assist you or e-mail us for a consultation with a co-op board lawyer in New York City.

Client Reviews
Jules Haas helped me with managing the process in probate court for my father's estate through to its completion upon the sale of my father's house. He was knowledgeable, efficient, and effective in submitting documentation to the probate court, explaining procedures to me, and advising me as to the progress of my case. His support staff was also very helpful. He made what for me created so much anxiety into something manageable where I could see progress every step of the way. His fees were very reasonable. I am super grateful to him for all the help he has provided and strongly recommend his services.
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