Question: Recently I received a notice from my condominium association that there is a $500,000 shortfall in the budget related to our insurance premiums. Starting next month all unit owners will be charged a certain percentage to cover this shortfall. To me this seems not quite right, since we all have paid association dues monthly as expected–how can they now come back to us to charge us more than they were charging us to begin with? Am I wrong on this? Read the Q&A……………………
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