Question:
How much notice time is a management company suppose to give hoa residents notice of dues increasing before dues are due?
– Shana
Answer:
Hi Shana,
It depends on the governing documents. Kindly check its provisions regarding HOA fees and notices. Normally, the fee increase will be reflected in the annual budget, which is shown to the homeowners during the annual meeting or at a board meeting. The HOA should send out a notice of this meeting and its meeting agenda. For further guidance, kindly consult a lawyer.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
