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

Thu Feb 21 2008, 07:24 - Morrow - Financing - 2 answers
 
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Nicole
Just Looking
in Georgia
Nicole, Just Looking in Georgia in Georgia
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Mack Perry was FIRST TO ANSWER
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?

Thu Feb 21 2008, 13:16
Web Reference: http://www.dudleydoright.wordpress.com
 
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FIRST ANSWER
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.

Thu Feb 21 2008, 07:41
Web Reference: http://www.mackperryhomes.com
 
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