Are there limits on how much I can be charged for condo fees?

Yes, limits on how much condo owners can be charged for condo fees do apply in Nebraska. The Nebraska Condominium Act states that condo owners cannot be charged more than the percentage of the total budget allowed for common expenses for their unit. Common expenses include things like insurance, maintenance and upkeep, repairs, landscaping, snow removal, and other services for the condo complex as a whole. In addition, the Condo Act also states that the fees must be “fair and reasonable” and must be determined by a majority vote of all condo owners in the association, unless otherwise stated in the condominium’s documents. It is important to read through all of the documents carefully to understand what is required of you and what fees you may be charged for while living in the condo. Furthermore, it is important to note that condo fees are subject to change over time and bylaws may be amended to increase or decrease fees. If any changes are made, condo owners will be notified in writing and will be given the opportunity to vote on the proposed changes. Finally, condo owners should recognize that engaging in certain activities, such as pet ownership or excessive partying, could result in additional fees. It is essential to be aware of the condo association’s rules and regulations so that you can avoid any additional fees.

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Are there limits on how much I can be charged for condo fees?

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