Answer:
Association fees are established every year -- usually, based on last year's expenses. Once the budget is finalized, owners receive details about the new assessment amount, which owners are required to pay, usually on a monthly basis.

Assessments cover the expenses of operating the community, and may pay for landscape work, utilities, garbage pick-up, master insurance policy premiums, preventative maintenance, contributions to reserves, and more.


You can ask for a copy of the budget if you are an owner, and your treasurer can explain each line item for you.
First answer by SterlingHelperOne. Last edit by SterlingHelperOne. Contributor trust: 282 [recommend contributor recommended]. Question popularity: 0 [recommend question].