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 Massachusetts. These limits are set by the state’s condominium law, Massachusetts General Laws Chapter 183B. The law states that a condo association can increase their dues no more than 20% within a 12-month period or 10% within a six-month period. This means that if the condo association board wants to raise the dues, they must keep the increase within these percentages. This rule is in place to protect condo owners from dramatic increases in their fees without warning. Before instituting an increase, the board of the condo association must notify all unit owners in writing about the proposed increase. This gives them the chance to discuss the issue and make their opinions known to the board. Any increase must also be approved by a majority vote by condo owners during a formal meeting. If the vote is approved, the board must provide written notification to all unit owners informing them of the change in dues. The letter must also include the exact amount of the increase and when the new rates will take effect. When increasing condo association dues, the board of directors must remain mindful of the limits and procedures outlined in the law. This helps ensure that condo owners are protected and have a say in decisions that affect them.

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

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