William McCracken of Moritt Hock & Hamroff. Courtesy photo Fines, Late Fees and Limits on Co-op and Condo Board Authority
Fines and late fees may be important—even essential—tools of co-op and condo self-governance, but there are limits which must be respected. This article explores three potential limits on the use of fines and late fees by co-op and condo boards.
June 21, 2024 at 10:00 AM
8 minute read
Condominiums and cooperatives are, in the words of the New York Court of Appeals, "quasi-government[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.
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