Do Strata Plans Need a Debt Recovery System in Place
Yes is the simple answer! The reason is so a lot owner does not get too far behind in their strata levies so that it is impossible for them to bring their arrears up to date. If a debt recover process is part of the yearly AGM Minutes which each lot owner receives then all the lot owners are aware of the procedure if they do have difficulty paying their strata levies. Read the article………..