---
title: We never seem to cover our repair bills with monthly dues
description: We have ongoing repair bills that our expensive dues do not seem to cover.  Not sure why?
image: https://www.condoassociation.com/hubfs/Stock%20images/Young%20man%20using%20a%20laptop%20building%20online%20business%20making%20dollar%20bills%20cash%20falling%20down.%20Beginner%20IT%20entrepreneur%20under%20money%20rain.%20Success%20economy%20concept-2.jpeg
---

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# We never seem to cover our repair bills with monthly dues

| [Property Damage & Repairs](https://www.condoassociation.com/blog/topic/property-damage-repairs) |  

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## What do you think? Question:

I moved in to my condo in May 2018. We have had three increases to our condo dues since Feb 2018. We received a president's report stating we need $2.6 million dollars in building/property repairs/updates. This property was built in 1979/80. The unit owners have been informed that a special assessment(s) would be necessary in order to make this happen. None of us are clear as to why these repairs have been neglected for so many years. I have an email from the president of our condo association board stating the FIRST special assessment will be approximately $2k, and that we will most likely see a second special assessment later this year, and, quite possibly in 2022. The board also admitted in Nov/Dec 2020 time frame that there has never been a reserve fund, and they need cash flow. There are 185 units. I am puzzled as to how $55,500/month in condo dues cannot help with some of these repairs. I cannot seem to get a clear cut answer.

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## What do you think? Answers (15)

#### 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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