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

Yes, there are limits to how much you can increase your condo association dues in Oregon. The Oregon Condominium Act states that any increase to the monthly or annual dues must be voted on by the homeowners in the association, meaning that the homeowners would have to approve any change in the amount of dues. Additionally, the increase must be reasonable. This is determined by looking at the operating expenses of the association and the amount of money the condo association has in its reserve fund. The amount that can be increased cannot exceed the amount necessary to cover the association’s operating and reserve fund expenses. In addition, the Oregon Condominium Act requires that at least 30 days’ notice be provided to homeowners when a decision to increase dues is being considered. This allows homeowners enough time to review the proposed increase and determine whether or not it is reasonable. Ultimately, it is up to the association to follow the rules outlined in the Oregon Condominium Act, as failure to do so could result in legal action being taken against the association.

Related FAQs

What is the process for resolving conflicts between condo owners and the association?
Are there restrictions on how much I can charge for rent on my condo unit?
Are there restrictions on how much I can charge for guest parking in my condo complex?
What happens if I refuse to sign the rules and regulations of a condo association?
Are there laws that require the condo association to provide certain amenities?
Am I allowed to install a security system in my condo unit?
Who is responsible for paying for major repairs to a condo complex?
Can I sue my condo association if they breach their contract?
What is included in the condo fees I pay?
Is my condo association liable for any accidents that occur in the complex?

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

Related FAQs

Related Blog Posts