---
title: Condo association rebalances financial obligations
description: I live in a 430 unit condo association in Floida. I was informed today by a fellow unit owner that our board voted for special assessments for the last 3 years to cover...
---

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# Condo association rebalances financial obligations

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## What do you think? Question:

I live in a 430 unit condo association in Floida. I was informed today by a fellow unit owner that our board voted for special assessments for the last 3 years to cover our building insurance. Now, since this year is a major election year we were not having a special assessment, however they used money from the $90k that the board told us had saved in case of a major increase in our water bill. I believed they increased our maintenance fee by $30, to cover the increase. Should insurance be under an operating expense? Also, we have hardly no reserves if a major problem arises. Is this legal? If not, what can I do.

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## What do you think? Answers (9)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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