Pass New York
Open navigation
Back to all terms
Condominiums and cooperativesSubject 15 of 19

Board package

The application materials a prospective cooperative purchaser or subtenant submits for board review under the cooperative's procedures.

Direct answer

What does Board package mean?

The application materials a prospective cooperative purchaser or subtenant submits for board review under the cooperative's procedures.

Exam cue: The process must comply with fair housing law and the governing documents.

What does it look like in a question?

New York example

A buyer submits financial statements, references and other required materials after contract review.

Common exam trap

What should you not confuse it with?

Board discretion does not permit discrimination based on a protected characteristic.

Related condominiums and cooperatives terms

Common chargesAmounts assessed against condominium unit owners for common expenses under the governing documents and budget.Common elementsThe parts of a condominium property owned collectively by unit owners rather than as part of one unit.CondominiumA form of ownership in which a person owns an individual unit and an undivided interest in common elements.CondopA property structure that combines a condominium framework with a cooperative component, often through separately owned condominium units.CooperativeA housing arrangement in which a corporation owns the real property and occupants own shares tied to proprietary leases.MaintenanceThe periodic amount a cooperative shareholder pays toward the corporation's building expenses and obligations.
Sources used1 reference with section locators

The curriculum citation confirms exam scope. Definition and rule citations support the explanation itself. Links and locators were checked on August 26, 2026.

Keep learning

Put the term back into its full subject.

A definition helps with recall. The subject guide shows how the rule interacts with documents, scenarios, calculations and practice questions.

Study Condominiums and Cooperatives Try free practice