Financing in Morrow>Question Details

Nicole, Other/Just Looking in Georgia

Is there a legal limit on the annual increase on HOA fees? Can the fee increase 200% in one shot?

Asked by Nicole, Georgia Thu Feb 21, 2008

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Nicole,

Mack is right! Check your By-Laws regarding changes in dues. Are you sure this is not an assesment of some sort for improvements?
0 votes Thank Flag Link Thu Feb 21, 2008
The HOA dues and any increases are dictated by the covenants of the community. Typically a 200% increase would probably not be allowed unless voted on and passed by the members of the association. In most bylaws that I have read it would take a 67% majority of all members to pass an increase like this.
0 votes Thank Flag Link Thu Feb 21, 2008
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