Budgets & Assessments · Guide · Owners & Residents · Reference

Start with the fact that surprises most people, including plenty of board members: your assessment is a byproduct of the budget. Nobody is supposed to pick your monthly number. The association builds ...

Short answer: usually yes, within limits. In California your board can raise the regular assessment up to 20 percent in a year without asking you, and can levy special assessments up to 5 percent of t...