COOPERATOREVENTS NEW YORK EXPO. WEDNESDAY APRIL 22ND . NEW YORK HILTON MIDTOWN. 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

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: Mitchell-Lama Unit Rules

Q&A: Mitchell-Lama Unit Rules

A hand is placing a blank ballot into a gray voting box, with a colorful blue backdrop featuring a sunburst, representing participation in democratic processes.

Q&A: Election Rules

Q&A: Election Rules

Old-fashioned house and city view silhouette. Brick building covered by glass dom. Rent control house concept. Rent stabilized apartment unit. Well preserved and protected property. Flat vecto

Q&A: Rent Stabilization

Q&A: Rent Stabilization