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

Yes, there are limits on how much a condo association can increase its dues in California. Under California condo law, associations are limited to increasing dues by no more than 10 percent each year without permission from the majority of its members. This means that if your association charges $200 in dues per month, it cannot raise your dues to more than $220 the following year without a majority vote of the membership. The 10 percent limit does not necessarily apply if the association is facing a financial crisis due to an increase in expenses or other emergency situations. In this case, the board of directors can vote to raise the dues beyond the 10 percent limit with a majority vote of the members. The board must provide reasonable justification for the increase, such as increased maintenance costs or emergency repairs. The board also must host a meeting where members can voice their opinions concerning the proposed increase. It is important to note that the law does not mandate that associations must increase dues at all, and some associations will keep dues fixed for multiple years without increasing them. This is a decision that is made by the board of directors and members of the association.

Related FAQs

Am I allowed to own pets in my condo unit?
What are the requirements for installing a fence in a condo complex?
What can I do if I feel my condo association is taking advantage of me?
What is the process for resolving conflicts between owners in a condo complex?
What is the process for collecting outstanding condo fees from delinquent owners?
Are there restrictions on how much I can charge for utilities in my condo unit?
What happens if I refuse to sign the rules and regulations of a condo association?
Are there restrictions on what I can do with my condo unit?
What are the rules for common areas in a condo complex?
Are there restrictions on how much I can charge for rent on my condo unit?

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

Related FAQs

Related Blog Posts