Welcome to part two of a ten part series discussing the most commonly misunderstood issues relating to strata living.
2. What is the standard process for dealing with over-due levies?
A frequently asked question at SSKB is ‘What happens if I don’t pay my levies on time?’ Our Client Care team has put together a flow chart demonstrating the processes involved when fees are paid on time and when they are late.
SSKB’s Levy Management Team monitors all of our bodies corporate arrears on a daily basis and has a success rate of 99.6%. This helps to ensure arrears matters do not proceed to legal action and saves owners thousands of dollars in legal fees every time.
The SSKB Levy Management Team works with your committee and community manager to ensure overdue contributions are collected in a timely and efficient manner. The processes are based on reviewing records on a regular basis to assist your committee in maintaining cash flow for your body corporate.