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 | pdf
- understanding and dealing with co-op board of directors | en español co-op board of directors - spanish
a sponsor who submits an offering plan to convert a rental building to a condominium or into cooperative ownership is required to simultaneously provide a copy of this "red herring" or initial draft of the plan to all tenants of record.
if you think a plan may have been submitted to convert your building or you wish to comment on a plan that has been submitted, call ref's public information line at 212-416-8122 to find out the file no. and date of submission. you may address any comments regarding the offering plan to the assigned review attorney in writing.
if you are a rent-stabilized tenant in a building that either is going through a conversion or is already a condo or coop and you have issues regarding your landlord or the conditions in your apartment, contact dhcrrent-stabilized tenant contact dhcr.
if you are a rent-controlled tenant in a building that either is going through a conversion or is already a condo or coop and you have issues regarding your landlord or the conditions in your apartment, contact dhcrrent-controlled tenant contact dhcr.
if you are a market-rate tenant in a building that is going through a conversion to a condo or coop with a lease that has or is about to expire and you have questions, you may wish to consult a private attorney. you may obtain a list of private attorneys on the new york state bar association’s website.
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