What 36 Condos Tell Us About Condo Fee Increases in 2022

This article discusses the reasons for condo fee increases and how to handle them. It highlights the importance of understanding the components of condo fees, such as maintenance fees and reserve funds, and the factors that influence their costs, such as inflation, repairs, and upgrades. The article suggests strategies for communicating with residents about fee increases, such as providing transparency, giving advance notice, and holding informational sessions. It also advises condo boards to be proactive in managing expenses and seeking cost-saving opportunities.