Dues Increase – Membership Vote?

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  • #370368
    markolaska
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    I live in an HOA in Ohio and our board recently announced that we need to pay more in dues this year. It’s a pretty hefty increase, too (from $300/month to $500/month) so residents are understandably riled up. My question is, can the board even increase dues without a membership vote?

    #370369
    irvinec
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    Did the board say why theyre raising dues by 200? Should be a budget presentation of some sort

    #370370
    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.

    #370371
    aidamartinsen
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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.

    #370372
    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

    #370373
    markolaska
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    Our documents apparently don’t say anything about a limit.

    #370374
    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.

    #370375
    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.

    #370376
    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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