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

In Alaska, condo association dues are set by the governing board of the condominium association. Most condominium associations are run by homeowner-elected boards. These boards are responsible for setting the dues that all homeowners must pay. The laws in Alaska do not set limits on the amount that condo associations can increase their dues. However, condo associations are usually subject to state and local laws that govern how much they can raise dues each year. Generally speaking, condo associations must provide ample notice to homeowners of any dues increase, and the amount of the increase must be reasonable in comparison to the current dues. The specific amounts of the dues for a given association can also be found in the association’s bylaws and regulations. Therefore, if homeowners have questions about the limits on condo association dues increases, it is best to contact the board of the condo association and to read the association’s bylaws. If you feel that the association has increased the condo dues beyond what is reasonable, there may be options to contest the increase. A lawyer familiar with condo law in Alaska can advise you on how to do this.

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

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