ANSWERS: 2
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That depends entirely on the contract you have with the HOA, and the bylaws of the HOA.
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Most boards have the authority to raise or lower your annual fees. If you are talking about a special assessment, that might have to be approved by the membership, depending on your CC&Rs. <p>Addition: Since the questioner did not specify how the membership "has to make up" the "lost" money, it is a little difficult to be more specific.
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