An increase in dues may be required to cover increases in regular maintenance bills, such as landscaping for the community or regular utility bills, or to budget for purposed major improvements. Reasons for raising regular assessment amounts or creating special assessments may vary, but If it is determined that an increase in dues is required for the community, the purposed increase will be discussed at the community’s budget ratification meeting, which typically coincides with a community’s annual meeting. The governing documents for many communities include policies that regulate the maximum increase in assessments for a given year, and how an increase is approved. Please review your community’s governing documents for specific information regarding assessment increases, or contact us, and we will be able to provide you with further assistance.
Articles in this section
- Why am I being charged late fees after I’ve paid my regular assessment amount?
- What is a lien?
- What happens if I do not pay my assessments?
- How can I tell if my dues will increase?
- How much are my homeowners’ association assessments, and when are they due?
- Why am I not receiving statements and how do I get this corrected?
- How can I get the late fees removed?