Question:
Good day,
My question is what the law is as of 2025 for HOA Amount?
1. Going back few years the HOA was 30% -40% funding and if needed extra work an assessment would be billed.
2. Every year the HOA for my condo says they have to rase the rate.
3 Now they say next year 2025 the HOA has to be 100%.
A) Is this true and if so what are they doing with the money?
B) It should not to pay the workers more money.
4. If you live in a 55 community you ae on a fixed income.
A) If you do not have enough to pay all your bills, do we have any rights.
Thank you
– Dan
Answer:
Hi Eric,
There seems to be no legal limit in Florida as to how much an association can raise its fees. Kindly review the governing documents to verify whether such limits exist and if the board needs consent to raise fees. Typically, association fees are used for the maintenance and repair of common elements. They’re also used to pay staff, vendors, management companies, taxes, insurance, and funding the reserves. If the condo provides services such as trash disposal, utilities, and security, the HOA fees may also be used to pay for those.
Unit owners may raise their concerns about the HOA fees with the board by contacting them directly. They may also raise the issue at a board meeting. The board may consider reducing expenses or other cost-saving measures to limit the increase. Unit owners who are late on their HOA payments may also ask the board if they can pay the fees according to a payment plan to reduce the financial burden. For further guidance, kindly consult a lawyer.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
