Co-op building application procedures naturally vary, but most boards use an application package. If you are not familiar with the application process, the sample co-op board package shown below will give you some insight into typical requirements.
- Purchase Application
- Credit Check Release Form
- Contract of Sale
- Last Two Years' Income Tax Returns with W-2's
- Employer Reference Letter
- 2-3 Personal Reference Letters
- Buyer Acknowledgement of Co-op Rules
- Lead Paint Disclosure
- Apartment Alteration Guidelines
If the co-op purchased will be financed, additional requirements include:
- Bank Commitment Letter
- Appraisal
- Loan Application
- Recognition Agreement (Aztech Form)
- Maximum Financing Percentage Permitted of Sales Price
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