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They absolutely can and often do - justifiably so.
Repairs and maintenance are needed, capital improvements are becoming more expensive because of increased cost of labor and materials, and insurance costs are sky rocketing across the country.
Also, most HOAs want to make their units available for conventional mortgage lending which impose requirements on how much money must be budgeted for reserves. Along those same lines, Fannie Mae and Freddie Mac are no longer buying loans on HOA units where the HOA has critical repairs outstanding. So the HOA boards that have refused to increase dues or keep up with needed repairs are now faced with difficult choices when existing owners can’t refinance or sell to a new owner who needs a mortgage.
Everyone in an HOA should expect dues to increase for a number of reasons including those above. No one likes it, but it’s often a necessity and the alternative proves much more costly in the end.
How many units are in your development? Lender would only be required to review legal documents like that in limited circumstances. More often than not they just review a questionnaire from your HOA. And even sometimes that is waived if your development is all detached units, less than 4 units, or a PUD (not a condo).
Yes
I think that what we have is not a real HOA but a maintenance fee. Real HOA should at least be mentioned in governing documents I received upon buying but there is none