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

Q&A: Mitchell-Lama Board Elections

Q&A: Mitchell-Lama Board Elections

Q&A: Mitchell-Lama Board Elections

Wide-open mouth of angry screaming boss, and cloud for text

Q&A: A Poisonous President

Q&A: A Poisonous President

quorum word made from metallic letterpress on dark jeans background"r"n

Q&A: Absence of Quorum

Q&A: Absence of Quorum