An association’s budget pays for the services and responsibilities assigned to it. Costs such as insurance, landscaping, utilities and repairs can change over time. Planned projects and reserve funding may also affect the amount the community needs to collect.
An increase should be explained using your association’s actual budget. Ask what changed, which expenses drive the difference and how the plan supports the community’s maintenance and financial needs.
This explanation does not mean an increase has been approved for your community. Check your association’s budget notice or contact our team for the details that apply to you.
For your community
Find your association’s documents and homeowner links, or contact our team for help with your situation.
Find your community →General educational information. Your community’s governing documents, notices and applicable requirements determine the process for your association.