General Housing Information

questions & answers

Question: Re: an increase in monthly maintenance fees in a housing CO-OP (not apt, not condo). QUESTION: Is there a percentage maximum that the monthly fees may be raised? Our by-laws say it is 20% without resident/member/owner approval, but some owner-members say it is only 5% by AZ law. (That sounds like tenant/landlord law which shouldn't apply.) Thanks for the help.

Answer: Co-ops are not governed by the same landlord/tenant laws which apply to condominiums. As a general rule, their internal regulations determine such matters. For further information, you may wish to contact a real estate attorney.

QUESTIONS

  • Re: an increase in monthly maintenance fees in a housing CO-OP (not apt, not condo). QUESTION: Is there a percentage maximum that the monthly fees may be raised? Our by-laws say it is 20% without resident/member/owner approval, but some owner-members say it is only 5% by AZ law. (That sounds like tenant/landlord law which shouldn't apply.) Thanks for the help.

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