co-op board

Resident approval panel

A co-op board is the governing body of a cooperative apartment building, composed of elected shareholders who approve prospective buyers, set building policies, and manage finances.

Unlike condos, co-op boards can reject applicants without explanation, making them notoriously selective in competitive markets: The co-op board turned down three qualified buyers before approving us.

Related

rejection · purchase price · shareholders · building · application · financials · bylaws · maintenance · fees · doorman · Manhattan · Upper West Side · brownstone · sublet · real estate agent · references · letter of recommendation · equity

Opposites
housing governance structure

co-op boardlandlord

Property owner renting out

property owner · slumlord · absentee landlord · real estate investor · absentee owner

approval/gatekeeping function

co-op boardopen housing

Discrimination-free property market

first-come-first-served · open enrollment

property control relationship

co-op boardsole proprietor

Single owner of business

single owner · tenant · renter · lessee

Family

co-op, board, coop, coops, cooperative, cooperatives, cooperate, cooperated, cooperating

Familiarity
Top 500,000
Profile
Mostly American · Timeless · Rated G