Application Checklist

The following steps of the process you will follow when applying for a unit in Belmont Chambers. The process can take some time. We want prospective members to carefully consider and understand the responsibilities of Cooperative ownership. While we try to handle each application as expeditiously as possible the Membership Committee are volunteers. You should not give any sort of termination notice at your current residence until you have set a closing date with the seller of the unit.

Where possible there's a link to a PDF file you can download. You will also receive a copy of each of the necessary forms when you request the information in the mail.

• Complete the membership application and send it to Grant Young, 43 Symphony Rd. #3D, Boston, MA 02115


• Complete the employment verification form and have your employer send it to Grant Young, 43 Symphony Rd. #3D, Boston, MA 02115


• Complete the bank deposit verification and have your bank return it to Grant Young, 43 Symphony Rd. #3D, Boston, MA 02115


• After Belmont Chambers has received the above forms they will request a credit and criminal history check from a credit bureau.


• If you meet the basic criteria, a member of the Cooperative Membership Committee will call to arrange an interview with the Committee. At the interview you will have an opportunity to talk with members, ask questions, and tour the builing. This will take approximately an hour.


• After the interview, a member of the Committee will be available to provide a training session regarding the legal and financial structure of the cooperative, Coop by-laws, the Occupancy Agreement, and other information.


• After your application is approved by the Membership Committee, it must be approved by the Cooperative's Executive Board, Symphony Area Rennaissance Trust (for the share loan), and the City of Boston (for income guidelines).


• A member of the Cooperative's Executive Board will inform you as to its decision to accept you as a member.


• You will complete a Purchase and Sale Questionnaire with the unit's seller.


• The answers on the P&S Questionnaire will be used by the attorney to complete a formal Purchase and Sale Agreement.


• To make the P&S Agreement binding you and the seller will sign the Agreement and you will submit a non-refundable deposit of about $1,000 which will be applied to the sale.


• Closing. This is the formal transaction where you buy the unit. You will be required to sign the Share Loan documents and submit the remainder of your down payment in a certified check or cashier's check.