Are there restrictions on how much I can increase my condo association dues?

Yes, there are restrictions on how much you can increase your condo association dues in Massachusetts. According to the Massachusetts Condominium Act (MCA), a condo association may only increase their dues up to 10% of the association’s annual operating budget in any one fiscal year. Any increase greater than 10% must be approved by a majority of the unit owners in the association. The MCA also states that all condo association dues must be fair and reasonable. The association must provide the unit owners with an explanation for any increases that are proposed. Additionally, the association is required to include an itemized breakdown of how the dues are used, which must be provided to the unit owners at least once a year. It is important to note that while condo association dues may be increased in Massachusetts, the current Condo Act does not include any restrictions on how much the assessment fee can be increased. An assessment fee is a fee that is charged to all unit owners in order to cover a specific expense that the association is unable to cover with its regular budget. For example, if a condo association needs to repair a significant structural issue, they may charge an assessment fee to cover the cost. In summary, condo association dues in Massachusetts can be increased up to 10% of the association’s annual operating budget in any one fiscal year, with any increase above 10% requiring approval from a majority of the unit owners. There are no restrictions on assessment fees.

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Are there restrictions on how much I can increase my condo association dues?

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