Condo Smarts: Secure debts, no matter how small
Dear Tony: Our strata approved a project in August 2013 for the painting of our townhouses. Most of the funds were taken from the contingency fund, but we also had a special levy that cost each unit $350. Two owners did not pay their levy, and now one of the units has sold and the lawyer for the seller is refusing to pay the levy, citing the limitation period. The amount was only $350, so we didn’t see the point of filing liens or court actions or getting legal advice, because it would have incurred more cost than the levy. Is there a better way for a strata to collect small amounts without incurring unrecoverable costs? Read the Q&A……….