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

A flat vector illustration of a coworking meeting in the office and working on a project, showing the presentation, data, research, etc.

Q&A: Co-op Annual Meeting Requirements

Q&A: Co-op Annual Meeting Requirements

House Water Leak And Pipe Damage From Ceiling. Calling Plumber

Q&A: New Kitchen, Old Leak

Q&A: New Kitchen, Old Leak

Electoral fraud and hacked elections concept with a hand wearing a leather glove and stuffing a ballot box isolated on white background with copy space and a clipping path cut out

Q&A: Contesting an Election

Q&A: Contesting an Election