Who sets condo association fees?

Condominium assessments are established -- usually once per year -- by the treasurer and the finance committee.

The process includes reviewing last year's expenses, working with established vendors to understand next year's increases, and adding budget money for work to be done.

Once per year, the association holds a budget ratification meeting, which is the board's opportunity to explain to the membership -- unit owners -- what's included in the budget and explain each line item.

You can read more about the board's requirement to set a budget and call the budget meeting to ratify the proposed budget for the next year in your governing documents