What Is Important To Know About A Co-Op Apartment Purchase?
- A Co-Op apartment is similar to home owning, but different for the fact that it is a stock ownership
- When you close for a co-op, it will usually take place at the co-op attorney’s office
- At the attorney’s office, they will issue you a stock certificate and a proprietary lease, which gives you the right to live in the unit you are buying
This short informational legal video was provided by Irwin Weinstein a Brooklyn Real Estate Lawyer.