COOPERATOREVENTS NEW YORK EXPO. TUESDAY NOVEMBER 18TH . JACOB JAVITS CONVENTION CENTER. REGISTER NOW!

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

quorum word made from metallic letterpress on dark jeans background"r"n

Q&A: Absence of Quorum

Q&A: Absence of Quorum

A hand presents an eviction notice isolated in flat design style (cut out)

Q&A: Co-op Tenant Evicted

Q&A: Co-op Tenant Evicted

Repair work at neighbours. Irritated young man relaxing on couch cover ears with pillows annoyed by noisy neighbors suffer from headache wish silence. Thin walls at home flat without sound insulation

Q&A: Curbing the Complaints

Q&A: Curbing the Complaints