Limit Home Owners' Association Fee Increases For Common Elements
Concerning limiting increases in fees associated with the use of common elements in a common interest community.
2022 Regular Session
The bill prohibits the unit owners' association of a common interest community from increasing by more than 10% in any 12-month period the amount of any fee that is charged on a regular and ongoing basis for the use, rental, or operation of one or more common elements unless a majority of the unit owners of the common interest community approve the fee increase.
(Note: This summary applies to this bill as introduced.)