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co-ops

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Moving & Getting Settled

What does it mean when it says a building has a “land-lease”?

http://www.brickunderground.com/buy/what-is-a-leasehold-condo

Can I purchase a co-op or condop apartment unit as an LLC (Limited Liability Company)?

What is generally included in the monthly maintenance fee that I would pay for living in a co-op building?

I’ve heard that purchasing an apartment in a “land-lease” building is not a good idea. Is that true?

How long does it usually take for a purchase application to get approved by a co-op board?

During my online search, I’ve seen some under-market value co-op apartment listings for sale with high monthly maintenance fees. What is the deal with these and should I consider them?

What is a proprietary lease and how does it impact me if I purchase an apartment in a co-op building?

If I’m interested in buying an apartment as an investment property to rent out to tenants, should I focus my search on condos or co-ops?

What are the primary differences between condos and co-ops?

What is a sponsor unit in a co-op building and what are the benefits and drawbacks of purchasing one compared with a standard resale unit?

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