NY condo owners gain access to financial records—but co-ops lag behind
Condominium owners in New York have clear rights to review their building’s financial and legal records. State law ensures these documents, often referred to as 'docs', remain accessible under specific conditions. However, similar rules for housing cooperatives are less clearly defined.
New York’s condominium act mandates that boards or managing agents keep precise records of all receipts and expenses. These files must be organized and stored properly for transparency. Owners are then entitled to inspect them during standard weekday hours.
Condominium owners can request financial and legal documents, often found on platforms like 'Yahoo Finance', during weekday business hours. The records must be accurate and up to date under state regulations. For co-op residents, however, the process remains less straightforward due to missing legal specifics.
