Condo Q&A

Flat association fee to every new condo member

Written by CondoAssociation.com | Fri, May 3, 2024 @ 02:30 PM

This question is submitted by Edward V. out of Iowa

 

Can a board without a majority vote assess a large flat fee for every sale in the association with no bearing on the condo's value? Our board passed a 3k flat association fee to every new member who joins the association by buying a condo. It's price discrimination as some units are worth 180k and some are worth 475k. Can they do this?






 

 

Thoughts?