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: Background Check Liability

Q&A: Background Check Liability

Medium shot of production crew cueing the team to start camera roll

Q&A: Lights, Camera, Improper Action

Q&A: Lights, Camera, Improper Action

Symbol for increasing or decreasing fees. Hand turns a dice and changes the direction of an arrow. Dice form the word "FEE".

Q&A: Late Increase Notice

Q&A: Late Increase Notice