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

Yes, in New Hampshire there are limits on how much a condo association can increase its dues. According to New Hampshire’s Condo Act, associations may not raise dues more than 10% in a single year unless the increase is approved by a majority of unit owners. However, if the board of directors has specifically requested a vote for higher dues from unit owners, a two-thirds majority is required. Moreover, the board of directors are obligated to notify all unit owners at least 21 days prior to the vote about the proposed increase. This way, unit owners can review the dues increase and decide if they support it or not. Additionally, state law requires that all associations disclose their dues policies so that unit owners are aware of what their dues are and how they are being used. Dues are typically used to pay for things such as building maintenance, insurance, building repairs, and other common expenses. Generally, associations are allowed to charge whatever their members agree to. In conclusion, there are limits to how much a condo association can increase its dues in New Hampshire. The board of directors are obligated to notify all unit owners 21 days prior to a vote and the increase must be approved by a majority of unit owners, or a two-thirds majority if the increase is more than 10%. Finally, it is important for all unit owners to read and understand their association’s dues policies.

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

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