Co-op Board (Board of Directors)
The co-op board is the governing body of the cooperative corporation, typically responsible for building operations, approvals (including purchases and sublets), and enforcement of house rules. NYS fair housing guidance explicitly includes co-op boards among actors that may not discriminate in housing.
- Where it applies
- NYS / NYC
- When it comes up
- Governance; purchase approval; enforcement
- Property types
- Co-ops
Read more in the Knowledge Base
Co-op Governance
- Cooperative Corporation (Co-op)
- Flip Tax (Co-op Transfer Fee)
- Maintenance (Co-op)
- Offering Plan (Co-op/Condo Sponsor Sales)
- Proprietary Lease
- Real Estate Finance Oversight
- Resale (Co-op/Condo)
- Shares (Co-op)
- Sponsor (Co-op/Condo)
General information, not legal, tax or financial advice.