economy
May 7, 2026
Administration Fee Increases Could Take a Crucial Turn: Here's What's Known
Thousands of co-owners in Colombia have expressed concern over the high increases in administration fees for residential complexes and buildings.
TL;DR
- Co-owners in Colombia are concerned about administration fee increases, some reaching 23%.
- The General Assembly is the highest decision-making body for administration fees.
- A new assembly must be convened to revoke an approved fee increase, requiring a well-argued budget modification proposal.
- If an increase is revoked, excess payments can be managed via credit notes, automatic discounts, or cash refunds.