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If my CC&Rs restrict increases to the 'Maximum Annual Assessment' by 10% yearly, can my actual dues go up by more than 1 - Printable Version +- AZ HOA Attorney Community (https://azhoawatch.org/community) +-- Forum: HOA Issues & Legal Topics (https://azhoawatch.org/community/forumdisplay.php?fid=5) +--- Forum: Assessments, Fees & Collections (https://azhoawatch.org/community/forumdisplay.php?fid=9) +--- Thread: If my CC&Rs restrict increases to the 'Maximum Annual Assessment' by 10% yearly, can my actual dues go up by more than 1 (/showthread.php?tid=995) |
If my CC&Rs restrict increases to the 'Maximum Annual Assessment' by 10% yearly, can my actual dues go up by more than 1 - ExperienceSharer - 12-20-2024 If my CC&Rs restrict increases to the 'Maximum Annual Assessment' by 10% yearly, can my actual dues go up by more than 10%? Re: If my CC&Rs restrict increases to the 'Maximum Annual Assessment' by 10% yearly, can my actual dues go up by more th - ViewpointSharer - 12-26-2024 Yes. If the actual dues are significantly below the 'Maximum' ceiling, the Board can raise them more than 10% (up to the statutory 20%) to catch up, provided they don't exceed the Maximum. |