Fines, Late Fees and Limits on Co-op and Condo Board Authority (NY)

/ Owner - July 11, 2024

Condominiums and cooperatives are, in the words of the New York Court of Appeals, “quasigovernment[s]…little democratic sub societ[ies] of necessity.” Levandusky v. One Fifth Ave. Apartment, 75 N.Y.2d 530, 536 (1990). Just as governments need to deter misconduct and punish rule-breaking, co-ops and condos rely on fines and late fees to keep their houses in order.    Read the article (PDF)…………………………….

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