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Increase in Condo Fees
30 March 2002
The Toronto Star − Condo Living Section
Condo Living sent the following question to Shlomo Sharon, President, Taft Forward Property Management Group
Question
When it comes time to increase condo fees, is the board/management obligated by a time frame before increases go into effect?
I received written notice in the middle of February that the maintenance fees were increased 14 per cent effective March 1. This was decided at the annual meeting near the end of January.