5 months ago our association dues were raised from $175 a month to $375 a month due to repairs that needed to be done. This was already controversial as only 8 of the 32 units needed repairs, yet rates were raised for everyone. There was also some underhandedness by the president to get the vote to pass, as well as finding out that only one bid was taken for the work, and the president is friends with the contractor doing the work. Now five months later, and the contractor is half way done with the repairs (most of which were on units that never needed work to begin with) and he is claiming that the damage was worse than he originally though and is asking for more money. Now the association president wants to raise rates by another $100 up to $475 a month. The president is also claiming he does not need to hold a vote for the rate increase and that the power to do so is held by the association board. Having my association dues more than double in the course of six months is absolutely insane in my opinion. I could probably get a mortgage on a new home for cheaper than what the association is charging in dues (this is not an option though). What are my option here? Quite a few of the residents agree that it is outrageous, however the association president is saying he doesn't even have to hold a vote. Any help here is appreciated.
Read more: Issues with association dues?
