HOA Homefront: Readers ask by how much should assessments rise?
Q: Our board is against raising our fees which have been the same for at least 10 years! Obviously, we are not keeping up with inflation. According to our reserve study, we are over $1,000 per unit underfunded. We have decades-old buildings. My concerns are falling on deaf ears despite the encouragement of our management company to raise fees. I would deeply appreciate your opinion. — J.E., Irvine
A: Association boards are responsible to budget and spend association funds wisely
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