Shares (Co-op)
Co-op "ownership" is commonly represented by shares in the cooperative corporation allocated to a specific apartment, together with the proprietary lease granting occupancy rights. Tax guidance explicitly includes conveyances of co-op shares within the scope of NYS real estate transfer tax.
- Where it applies
- NYS / NYC
- When it comes up
- Purchase/sale; financing
- Property types
- Co-ops
Read more in the Knowledge Base
- Selling Co-op Shares vs. Condo Units - Verified Tax and Process DifferencesSellers
- Living With Roommates - Rights and Practical RulesRenters
- NYS and NYC Transfer Tax - Verified Net-Proceeds PlanningSellers
- Roommate Cost-Splitting FrameworksRenters
- Selling a Condop in NYC: Hybrid Structure, Board Rules, and Buyer ConfusionSellers
Co-op Governance
- Co-op Board (Board of Directors)
- 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)
- Sponsor (Co-op/Condo)
General information, not legal, tax or financial advice.