Q&A: Viewing Owners’ Payment History

Flat illustration of security center. Yellow folder with lock and keys in the hands of man. Data protection, internet security flat illustration concepts.

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

Flat 3d isometric businessman standing with folder with lock. Data security concept.

Q&A: Rights to Docs

Q&A: Rights to Docs

A 3D render of a scattered stack of regular envelopes with delivery stamps and a clear window and the top one saying payment due symbolizing bills and debt on an isolated white background

The Collections Process

Why It’s Critical to Community Health

2024 NY Spring Expo Seminar: Recovering Common Charge & Maintenance Arrears - Effective Collections Strategies for Boards & Managers

2024 NY Spring Expo Seminar: Recovering Common Charge & Maintenance Arrears - Effective Collections Strategies for Boards & Managers

Sponsored by: Schneider Buchel LLP

Stepping Up Your  Building’s Data Security

Stepping Up Your Building’s Data Security

5 Tips to Level Up Your Practice

Fashion clothing storefront facade and windows mockup for your own branding

Commercial Leases in Co-ops

Tips for Maximizing a Valuable Asset

Retro old microphones for press conference or interview on table front gradient aquamarine background. Vintage old style filtered photo

Q&A: Recording Board Meetings

Q&A: Recording Board Meetings

 

Comments

  • A unit owner should not have to request such a listing. A listing of the common charges being paid by all the unit owners should be given to the unit owners each time when the homeowners association raises the common charges.