Mortgagee Archives - SSKB - Strata Managers | Community Experts

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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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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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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