Q&A: Viewing Owners’ Payment History

Q&A: Viewing Owners’ Payment History

Q. Can a unit owner demand to see a copy of the monthly list of unit owners’ payments of the monthly HOA?

        —Owner Seeking Access to Docs

A. “Yes,” says attorney Aaron Shmulewitz of the New York City firm of Belkin Burden Goldman LLP. “Under New York law, a homeowners association is most often governed by the State Condominium Act. Under Section 339-w of that Act, the board is required to keep ‘detailed, accurate records, in chronological order, of the receipts and expenditures arising from the operation of the property.’ Such records are to be ‘available for examination by the unit owners at convenient hours of weekdays.’ So, a HOA unit owner can make an appointment to inspect the list of unit owner payments each month at the management office.”      

Related Articles

Co-op Governance & Transparency

Co-op Governance & Transparency

Balancing Shareholder Rights & Board Member Duties

New York State Legislature’s Onslaught of Co-op Proposals

New York State Legislature’s Onslaught of Co-op Proposals

Solutions in Search of a Problem

Transparency & Community Governance

Transparency & Community Governance

Are Co-ops & Condos Really Democracies?

Personal data protection concept. Cabinet full of files and folders. 3D rendered illustration.

Q&A; Safeguarding Personal Information

Q&A; Safeguarding Personal Information

Businessman working on laptop computer with electronics document icons, E-document management, online documentation database, paperless office concept

Q&A: A Window Into the Records

Q&A: A Window Into the Records

Benjamin Franklin blinking and smiling at you isolated on white

Q&A: Seeking Side-Deal

Q&A: Seeking Side-Deal