I am an owner in a NY self - managed condo ( 6 units in all ) . Just received a letter from our condo association with a notification of a proposed common charge increase ( effective April 1st ) due to increased of master building insurance and the water / sewage bill . The proposed increase is 2 over the current maintenance rate . Is this legal to hike the rate by this amt ? What are my options to not pay the proposed increase ? Should the agreement be unanimous by all homeowners before the hike can take effect ? Thank you .Revision to my earlier question - the proposed increase is 22% of the current payment, not 2%. Would it make a difference? How can I legally dispute the validity and consequently avoid paying such an increase (while continuing paying the regular amount)?