Discounts and other magic tricks to get levies paid on time and on budget

Among the many differences between Queensland and the rest of the country is the enthusiastic use of levy discounts north of the border.  It’s a simple concept – work out your strata budget, add 10% and then offer that much as a discount for payment by the due date.  It is effectively a legal form of penalty – late payers have to pay 10% more than others and still get charged interest and costs for recovery action. The owners corporation still has the money it needs, even if in the best case scenario everyone pays on time.     Read the article…………


Related Articles

Be Wary of Additional Fees When Entering Strata

Strata owners should remain well apprised of some of the gratuitous fees that management companies can levy upon the unsuspecting.

Q&A: Are No Smoking Strata ByLaws Retrospective?

I’m wondering if these no smoking bylaws can be applied to an owner/resident who purchased an apartment six years ago

New Model By-law Series #6 – Parking

The changes to parking model by-laws are notable, but they’re a big ticket item when viewed alongside the ability for