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My condo association is planning on repairs to common areas, the total cost is $6000 plus for each unit. They claim if voted on each unit has to pay the cost up front or through a loan set up by the association, which will be $150 a month for 5 years tacked on to the $120 for condo fees. The company that has done the projects forclosed so we are now responsible for all repairs for the old buildings. Can they force to pay this if it voted on? If we can’t afford it can they foreclose on the property? How much are they legally allowed to raise condo fees in any given time?
Asked on June 29, 2009 under Real Estate Law, Wisconsin
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
These are questions that require you to sit down with an attorney to review the material -- the condo bylaws, the documents from the repairs, the voting docs, etc. Raising condo rates is usually based on the provisions within the bylaws that allow it but must be within the law, as well.
Try www.attorneypages.com and check his or her record at the Wisconsin State Bar.
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