Q&A: A Receipt for Maintenance

By Thomas D. Kearns

Article Options

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.”

Comments

No Comments Found.

Building Operations

On The Board

NYC Living

Newspaper subscription

Subscribe to "The Cooperator" newspaper - it is FREE. Manage my subscriptions

E-Mail Newsletter

Would you prefer receiving the summary of new articles by e-mail? Your E-Mail:

Manage my newsletter settings

Poll

Your name (optional):
Your Comment (required):
Verification (required):	Please copy the characters from the image above into the text field below. Doing this helps us prevent automated submissions.
	Please allow up to 1 business day for your comment to be approved.