[irvinec]

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Did the board say why theyre raising dues by 200? Should be a budget presentation of some sort

[markolaska]

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We switched out management companies late last year and apparently, our HOA’s reserves is severely underfunded. Now, they’re trying to make up for it by increasing dues by a steep margin.

[Azalea]

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Best to check your state laws. Here in Arizona, homeowner’s associations can’t raise dues by more than 20% per year without a vote. And $200 is definitely well within that margin.

[florettemc]

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I’m from Ohio as well and as far as I know HOAs here can increase dues without a membership vote BUT your declaration might have a limit on assessment increases. Worth checking it out

[markolaska]

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Our documents apparently don’t say anything about a limit.

[florettemc]

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In that case, I think your board is in the clear. If you want to place a limit, you might want to consider petitioning to amend your declaration.

[ulricemma]

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If the increase is to catch up on reserves, then maybe you should just pay it. Underfunded reserves can bite you in the a, trust me. You don’t want another Surfside condominium disaster.

[rigby88]

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^ Funding reserves is one thing but dont you think $200 is too much? Cant imagine having to find an extra $2400 in my budget a year

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