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.

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

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