Levy Archives - SSKB - Strata Managers | Community Experts
SSKB Strata Managers looks at at what committees should do with excess funds raised by special levies

Surplus Special Levy Funds – Victoria

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In recent articles, we have discussed the roles of maintenance funds and plans in strata communities. An owner’s corporation’s maintenance fund is effectively a deposit which exists to allow an owners corporation to pay for repairs and maintenance of a building, in accordance with the

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What Are My Levies Paying For?

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Confusion has been the longstanding norm when it comes to levies for lot owners. A study conducted by the University of NSW identified that a large proportion of NSW strata owners “did not consider their levies to be appropriate” and that there is a large

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Common misconceptions of strata living part 10

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Welcome to the final edition of our ten part series discussing the most commonly misunderstood issues related to strata living. 10. How is money recovered when an owner becomes bankrupt? During times of financial difficulty for lot owners; bodies corporate and owners corporations can often

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body corporate fees

A body corporate’s right to recover a debt

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Some of our SSKB committee members would be aware that previous legal cases have meant that the costs for chasing owners who do not pay contributions on time were accounted for separately in an Unliquidated Claims Register (UCR).

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Body Corporate

Common Misconceptions of Strata Living – Part 3

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Welcome to part three of a ten part series discussing the most commonly misunderstood issues related to strata living. 3. The committees involvement in the process leading to legal action.

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Body Corporate

Common Misconceptions of Strata Living – Part 2

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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?

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Body Corporate

Common Misconceptions of Strata Living – Part 1

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Welcome to part one of a ten part series discussing the most commonly misunderstood issues relating to strata living. 1. The allocation of fees collected by the body corporate/owners corporation

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Bankruptcy in Strata

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During times of financial difficulty for lot owners, bodies corporate and owners corporations can often find themselves out of pocket with overdue and unpaid levies.

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How To Reduce Debt In Your Strata Community

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Did you know SSKB was able to reduce a $45 000 debt into a more manageable $7 000 within three months!

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The Pitfalls of Payment Plans You Must Know

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Many lot owners find it increasingly difficult to pay their body corporate contributions by due date. In some circumstances the body corporate committee can approve reasonable payment plans to assist owners who find themselves in financial hardship. However, there are a number of pitfalls owners must be aware of before entering into a payment plan.

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