Our building received notice that we would need to replace the cladding as it was unsafe in 2020. I signed a sale note to purchase my apartment in early July 2021 and settled at the end of September 2021.
For 30 years, we've had various problems and difficulties with a non-resident owner. They pay their strata quarterly levies and have contributed to some upgrades but refuse to contribute to special levies for items they disagree with.
Are quarterly levy payments dates set at the AGM, or do they carrying through to the next financial year even if our AGM is held later in the year?
Can strata levies be revised partway through the year, before the next AGM and the next year's budget? If so, can they be revised with retrospective application?
Obviously, it's standard to set levies once a year and then raise special levies as required. This is not about special levies. We are interested in revising (increasing) standard levies for the current period, hopefully with retrospective application (that is, for the entire current period, from the beginning).
Our large strata complex needs to raise a $1 mill special levy to carry out remedial water ingress repairs. After reviewing all documents sent by the strata management company and remedial engineer, there are issues with the quotation.
We need to call an EGM to repeal the special levy. The strata manager delayed sending the documentation, and the invoice is due in a few days. Will owners lose their voting power if they have not paid their special levy?
Our owners corporation raised a special levy to renovate common property. The work was cancelled. At the EGM, it was decided that the levy amount would be refunded to each lot owner. Over this period, a lot was sold. Can the new owner of that lot claim the refund, or does the money go to the previous owner?
A special levy of $110,000 was raised four years ago and deposited into the administrative fund. In the first two years, $80,000 of that levy was spent from the administrative fund. In the third year, $15,000 was spent from the capital works fund for expenses related to the special levy.