4. Guarantor If a buyer requires a guarantor or non-residing co-owner that broker should make sure that all prospective buildings are amenable by checking with the respective managing agents. Boards will treat this guarantor or non-residing co-owner the same as the purchaser with regards to the resale application and interview. 5. Life Style While many co-ops accept those who have high public profiles, there are others who do not want any undue attention brought to their buildings. There are still other buildings that do not want those who will disturb the peace, quiet and security of its shareholders. The board may, for example, not sell to a paparazzi prone rock star that is known for a flamboyant lifestyle and hosting large, highly publicized parties into the wee hours. 6. Home Work Most boards will not object to tenants working in their homes, as long as their occupations do not involve a revolving door of client traffic. A writer, for example, is acceptable, but a psychotherapist or social worker will most likely be rejected. 7. Failure to Fulfill Additional Requirements Even after receiving a comprehensive board package from a purchaser, a board may require additional documentation for clarification or a preconditioned escrow deposit, or a change in one's mortgage product, prior to even granting an interview. If the buyer is unable or unwilling to accede to the supplementary demands, then the board will likely reject that buyer. An example includes a purchaser who is unable to provide additional verification of projected income, which sometimes occurs when the buyer is self-employed. It may also occur when a buyer is simply unwilling to provide the requisite documentation for every asset. In both cases, a board may reject a buyer's application.
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