Assessment Limitations – 20% (CA)

/ Owner - October 14, 2024

Boards are required to levy assessments sufficient to perform their duties. This legal duty falls on board members, not the membership.  Notwithstanding, more restrictive limitations placed on the board by the governing documents, the board of directors may increase regular assessments by up to 20% of the association’s preceding fiscal year without membership approval. The 20% increase is based on the association’s regular assessments for the prior year.   Read the article…………………………….

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