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

Yes, there are limits on how much a condo association in Nebraska can increase its dues. According to Nebraska Revised Statute 76-1404, a condo association in Nebraska can only increase its dues by 8% per year and cannot exceed sixteen total percent in any two-year period. Furthermore, the condo association must provide at least 15 days notice to all members prior to any dues increase. In addition, the Nebraska Condominium Ownership Act requires condo associations to discuss the proposed increase at an open meeting attended by all of the members and then vote on whether or not to approve the increase. The members must then approve the increase by a two thirds majority vote in order for it to be implemented. If the increase is disapproved, the association must wait at least six months before attempting to pass a new increase. Overall, condo associations in Nebraska are restricted in how much they can increase their dues, and they must adhere to specific procedures in order to pass the increase. This is done in order to protect the rights of condo members and ensure that the dues increases are reasonable and fair.

Related FAQs

Are there restrictions on how much I can charge for utilities in my condo unit?
What are the rules for shared spaces in a condo complex?
What can I do if my neighbor is causing a nuisance in my condo complex?
Are there restrictions on how I can decorate the inside of my condo unit?
Are there restrictions on how I can use a shared balcony in my condo complex?
What are the restrictions on selling a condo unit in a condo complex?
Am I allowed to install additional security measures in my condo unit?
Can I be held responsible for damage to another condo unit?
Are there limits on the number of cars that can be parked in a condo complex?
Is the condo association responsible for taking care of shared areas in the complex?

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

Related FAQs

Related Blog Posts