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

Yes, there are limits on how much a condo association dues can be increased in Pennsylvania, but it can vary depending on the specific association. Generally, condo associations are limited by state law to increasing dues by no more than 10 percent in one fiscal year. This means that if a condo association collects $1,000 in dues in one year, it cannot increase the dues by more than $100 the following year. In addition, condo associations may have additional regulations limiting the amount that they can increase dues. These regulations may be set by the board of directors or other governing body of the association and should be outlined in the condo’s governing documents. Before increasing any dues, a condo association must first inform their members in writing. This must be done at least 30 days before any increase goes into effect. The notification should include the amount of the increase, the date it will go into effect, and an explanation of the reasons for the increase. It is important to note that not all condo associations are subject to the same regulations and restrictions. If you have questions or concerns about the specifics of your association’s dues, you should contact your association’s board or a local lawyer who specializes in condo law.

Related FAQs

Are there laws that require the condo association to provide certain amenities?
Can I rent out my condo unit on a short-term basis?
What are the rules for common areas in a condo complex?
Are there restrictions on the types of materials that can be used in a condo unit?
Are there restrictions on how I can use my condo unit?
Who is responsible for taking care of common areas in a condo complex?
Are there restrictions on how I can use the common areas in my condo complex?
What are the laws regarding parking in a condo complex?
Are there restrictions on how I can use a patio in a condo unit?
Can I be held liable for damage caused by my tenant in a condo unit?

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

Related FAQs

Related Blog Posts