New York condominium compliance, with the statute behind every deadline
A self-managed New York condominium answers to the Condominium Act — Real Property Law Article 9-B: detailed financial records open to any unit owner, a written annual summary of the year's receipts and expenditures, and a 90-day written notice before the board can foreclose on unpaid common charges. GnomeOwner's compliance calendar tracks duties like these automatically, and shows the exact statute sentence behind each one, not just a due date.
New York has no separate homeowners'-association law — a non-condominium New York community runs on its own recorded declaration plus the state's general Not-For-Profit Corporation Law, not this page's Article 9-B. Article 9-B is also unusually short: it sets a real financial-records-and-reporting floor, but leaves most day-to-day governance — meeting frequency, notice, and how owners attend — to each condominium's own by-laws.
New York's condo law doesn't set your master insurance — your own by-laws do
Most states' condo statutes flatly require master property insurance. New York's doesn't: Article 9-B requires the board of managers to insure the building only “if required by the declaration, the by-laws or by a majority of the unit owners” — so whether your condominium carries master insurance, and how much, comes from your own governing documents or a member vote, not a statewide mandate. The one exception is a “qualified leasehold condominium,” which does carry an unconditional, full-replacement-cost insurance duty. Article 9-B is silent on reserves the same way — there's no general reserve-fund requirement for an ordinary New York condominium either.
“if required by the declaration, the by-laws or by a majority of the unit owners”
A few of the duties GnomeOwner tracks for New York condominium associations governed by the Condominium Act, Real Property Law Article 9-B
Every deadline here shows you the exact sentence of the statute it comes from, so you — or your attorney — can check it in seconds.
Keep detailed financial records and let owners inspect them
Keep detailed, accurate records, in chronological order, of the money coming in and going out from operating the property, and keep those records and the vouchers authorizing payments available for any unit owner to examine at convenient hours on weekdays.
“Such records and the vouchers authorizing the payments shall be available for examination by the unit owners at convenient hours of weekdays.”
Give all owners a written summary of the year's finances
At least once a year, give all unit owners a written report summarizing the money the property took in and spent.
“A written report summarizing such receipts and expenditures shall be rendered by the board of managers to all unit owners at least once annually.”
Keep the governing documents on file and open to inspection
Keep true copies of the floor plans, the declaration, the by-laws, and any rules and regulations on file in the office of the board of managers, and keep them available for inspection at convenient hours on weekdays by anyone with an interest.
“True copies of the floor plans, the declaration, the by-laws and any rules and regulations shall be kept on file in the office of the board of managers and shall be available for inspection at convenient hours of weekdays by persons having an interest.”
Keep by-laws that contain the required provisions
Keep by-laws in force that, at a minimum, provide for the nomination and election of a board of managers with at least one-third of its terms expiring each year; methods of calling unit-owner meetings, the quorum, and the voting percentages; election of a president, a secretary who records board and owner-meeting actions, and a treasurer who keeps the financial records; operation of the property and the determination and collection of common charges; and the use-and-maintenance rules that keep owners from unreasonably interfering with one another.
“The by-laws shall provide for at least the following:”
Give an owner 90 days' notice before foreclosing on unpaid charges
Before starting a foreclosure action to enforce the lien for a unit owner's unpaid common charges, give that owner at least 90 days' written notice — in fourteen-point type, stating the address of the property and the specific amount due — sent to the property address and any other address of record.
The board of managers is about to begin a foreclosure action to collect a unit owner's unpaid common charges.
“The board of managers shall be required to provide notice to the unit owner at least ninety days prior to the commencement of a foreclosure proceeding at the property address and any other address of record.”
Promptly repair the building after fire or other damage
When the building is damaged or destroyed, promptly repair and reconstruct it, using any insurance proceeds on the building for that purpose, with any shortfall charged as common expenses — except that if three-fourths or more of the building is destroyed or substantially damaged and 75% or more of the unit owners do not promptly resolve to rebuild, the property may instead go to a partition sale.
The building has been damaged or destroyed.
“damage to or destruction of the building shall be promptly repaired and reconstructed by the board of managers, using the proceeds of insurance, if any, on the building for that purpose”
Charge common expenses by each unit's common interest
Charge the common expenses to the unit owners, and distribute the common profits among them, according to each unit's respective common interest.
“The common profits of the property shall be distributed among, and the common expenses shall be charged to, the unit owners according to their respective common interests”
Every item above is drafted from New York’s statute text and shown beside the exact sentence it comes from — check any claim against the law’s own words. This page hasn’t had a full attorney review. Confirm anything you plan to act on with your own attorney or CPA; law as reflected here is current as of 2026-08-16.
This calendar is built from a private republisher's static edition of the 2025 New York Consolidated Laws — New York's own official statute interface doesn't expose per-section amendment history, so the exact year of each section's most recent amendment couldn't be confirmed. Confirm current law with your attorney before relying on any figure here as fully current.
New York questions we hear a lot
What are a New York condominium association's annual requirements?
Under Article 9-B, a New York condominium's board of managers must keep detailed, chronological financial records open to any unit owner (N.Y. Real Prop. Law § 339-w), give all unit owners a written summary of the year's receipts and expenditures at least once annually (also § 339-w), keep the declaration, by-laws, floor plans, and rules on file and open to inspection (§ 339-q), and charge common expenses to each unit by its own common interest (§ 339-m). Article 9-B itself sets no general annual-meeting requirement — that's left to your own by-laws.
Does New York require condo reserve funds?
No — not for an ordinary condominium. A full search of Article 9-B finds the words “reserve fund” in exactly one section, § 339-mm, and that section binds only the offeror of a residential-conversion “preservation plan” under a separate statute (General Business Law § 352-eeeee), not a typical condominium's board. Reserves for a typical New York condominium are set by your own declaration and by-laws, not by the Condominium Act.
Does New York require master insurance for condo associations?
Only conditionally. Article 9-B requires the board of managers to insure the building “if required by the declaration, the by-laws or by a majority of the unit owners” (§ 339-bb) — it's not an unconditional statewide mandate the way some states' acts write it. The one unconditional exception is a “qualified leasehold condominium,” a defined term in § 339-e, which does carry a mandatory full-replacement-cost insurance duty updated annually.
What notice must a New York condo give before foreclosing on unpaid common charges?
At least 90 days, in writing, in fourteen-point type, stating the property's address and the specific amount due — sent to the property address and any other address of record: “The board of managers shall be required to provide notice to the unit owner at least ninety days prior to the commencement of a foreclosure proceeding” (N.Y. Real Prop. Law § 339-aa).
Is GnomeOwner's New York compliance calendar reviewed by a lawyer?
Every deadline on this page is shown beside the exact sentence of the statute it comes from — so you can check each claim against the law's own words, right here on the page. What this page hasn't had yet is a full attorney review. It's legal information, not legal advice: confirm anything you plan to act on with your own attorney.
Also covered: North Carolina, Nevada, Virginia, Arizona, Washington, South Carolina, Illinois, Oregon, Utah, California, Colorado, Texas, Georgia, Florida, Michigan, Massachusetts, Ohio, Pennsylvania, New Jersey, South Dakota, Wyoming, Connecticut, Alaska, West Virginia, Vermont, Delaware, Alabama, Montana, Hawaii, New Hampshire, Idaho, Iowa, Kentucky, Louisiana, North Dakota, Maine, Nebraska, Rhode Island, Oklahoma, New Mexico, Kansas, Mississippi, Arkansas, Missouri, Wisconsin, Indiana, Maryland, Minnesota, Tennessee. More states are added as their compliance calendars are built — see the full list.
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