Q&A: A Receipt for Maintenance

Q&A: A Receipt for Maintenance
Q Do we, as a co-op collecting maintenance, need to comply with a shareholder’s written request, pursuant to RPL: Article 7 Section 235-e for written receipts for maintenance paid by personal check? Does this section even apply to maintenance? Would the same be true for assessments?

—Jackson Heights Director

A According to Thomas D. Kearns, an attorney at Olshan Grundman Frome Rosenzweig & Wolosky LLP in Manhattan, “I could find no court decision applying RPL: Article 7 Section 235-e to a co-op but I believe a co-op would be required to issue a receipt for a payment of maintenance or an assessment made by check if the request for the receipt is made in writing. The statute does not provide a penalty so it is unlikely that the co-op would have any significant liability for refusing.”

Related Articles

3d dollar banknote stack with flying banknotes isolated on pink background. economic movements or business finance, loan concept, 3d render illustration

Q&A: Bilked by Bulk Billing

Q&A: Bilked by Bulk Billing

flat design, vector , illustration of cleaning a room with college roommates

Q&A: Roommate Rules

Q&A: Roommate Rules

Background check for employment or hiring, work experience or career history concept, criminal or drug check on candidate or employee, businessman with magnifying glass checking candidate documents.

Q&A: Background Check Liability

Q&A: Background Check Liability