Here is a sample template you can use to write an HOA assessment increase letter.
Name of Homeowners Association.
From: The Financial Affairs Committee.
As you all know, we prioritize providing the best services to the homeowners residing within the [name of HOA] neighborhood.
This year we have decided to change the following companies.
- Gardening and Landscape Maintenance Company.
- Security Providers.
We are also taking the services of a professional HOA management company as it is becoming for the HOA Board of Directors to look after each matter of the Association.
These changes have increased the total cost of running the [name of] Homeowners Association smoothly. Therefore it is inevitable for us to increase the monthly HOA fees up to 20%. It means that from next month, each household must pay $320 as the HOA fees
Head of the Finance Committee.
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