To cover the shortfall
Monthly increase per unit
$100.00
Annual increase per unit
$1,200
Increase only, not total fee
New monthly fee
$550.00
Up from $450.00
Percentage increase
22.2%
Based on current fee
A $96,000 annual shortfall across 80 units requires each unit to contribute an additional $100.00/month ($1,200/year) to balance the budget.
Compare with other boards and managers in the Common Area.
Ask the Common AreaThis calculator assumes an equal per-unit fee increase. Associations with tiered fee structures or unit-type differentials should adjust proportionally. Fee increases may be subject to statutory caps or notice requirements under your governing documents. This is not financial or legal advice.