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HOA Software
By CondoAssociation.com • October 8, 2015

Can PA condo board double fees to increase reserves?

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. 

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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