N.Y. Real Prop. Law §339-w
—
Condominium Act — Books of Receipts and Expenditures
The condominium records section. The manager or board must keep detailed, accurate, chronological records of receipts and expenditures, with the authorizing vouchers, available for examination by unit owners at convenient weekday hours — and must render a written annual summary report to all unit owners. This is the whole statutory records regime for New York condominiums; there is no statutory fee cap, response deadline, or document-request procedure beyond it.
Reviewed · New York changes feed
Statutory Text
Verified Jul 8, 2026 · NYSENATE_GOV
§ 339-w. Books of receipts and expenditures; availability for examination. The manager or board of managers, as the case may be, shall keep detailed, accurate records, in chronological order, of the receipts and expenditures arising from the operation of the property. Such records and the vouchers authorizing the payments shall be available for examination by the unit owners at convenient hours of weekdays. A written report summarizing such receipts and expenditures shall be rendered by the board of managers to all unit owners at least once annually.
Records
| Ref | Requirement |
|---|---|
| Owners can inspect the building's books and the vouchers behind every payment during weekday hours. | |
| Every owner gets a written financial summary at least once a year. |
Legal Topics
Legal references last verified July 8, 2026.
This content is educational and informational. It does not constitute legal advice.
Consult a licensed attorney in your state for legal guidance specific to your situation.