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Can PA condo board double fees to increase reserves?


Question:

condo-increase-fees-outrageousI am looking for info on PA condo law regarding reserves.  

Our bylaws state that reserve funding cannot exceed 15% of condo fees. Some of our board members want to double fees to increase reserves over a 5 year period to $500,000.  

I think it is unfair to current owners (40) and not legal. 


Answers (8)

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