Question:
I have a 2 bedroom, 2 bathroom condo in Henderson, NV. I paid an association fee of $350 per month in 2022. How much of an increase can I expect for 2023? Is there any laws regarding that?
– Faryar
Answer:
Hi Faryar,
Increases will depend on the exact needs of your association. Budgets can change from year to year, and only your HOA board will be able to answer you. It can differ from one community to another.
In Nevada, there is currently no limitation on how much a homeowners association can raise HOA fees annually, quarterly, or monthly. That said, you should check your HOA’s governing documents to see if any such limitations exist within your bylaws and CC&Rs.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
