AlmirD (Illinois)
Posts: 5
Posts: 5
Posted:
Hello for the past 10 years I was paying $250 for assessment for my 1100 sq feet unit
There are 15 units in the building. 6 are 2 br, 9 are 1 br.
There are 3 entrances so there are some variations in the shape and the size between 2br units and small variations between 1 br units.
for the past 10 years, 2br units were paying $250, and 1br units were paying $223 per month for assessment.
Now we got the new board president who recently moved in and who figured out that the assessments were not calculated based on the percentage of ownership.
Now he increased assessments for all 6 2-br units to $275 and increased some 1-br units from $223 to $245 and decreased the rest of 1-br units from $223 to $202.
Can the board do that without any official documents from lawyer etc?