Can strata require levies be paid within 30 days?
Our Committee recently issued a letter stating that they have decided all strata fees have to be paid within 30 days from receipt of invoice. Can this be enforced?
If I do not pay my levies on time and I become unfinancial, what does this mean?
Can strata improve common property for unfinancial owners?
I own a townhouse in a block of 4 units. One owner (a lawyer) hasn't lived here for 30 years nor paid levies for 30 yrs. Over 20 years ago, we took her to court over unpaid levies with no success as she plays the system representing herself at no cost with appeals etc and it has cost us a fortune.
We are looking to spend money to upgrade the common property. Part of this includes improvements to the carport that belongs to the owner who does not contribute to levies. I'm against any improvements that will benefit this lot.
Can strata companies charge penalties for late levies?
Our strata company charges 10% penalty for late fees. I believe the Strata Titles Act only allows for simple interest to be charged at 11% per annum or as set by AGM. As such a one month late $800 payment should only incur interest of 1/12th of the annual 10% simple interest - eg. about $6.90 interest. Is that correct - or does the "as set by AGM" allow for the strata company to set a "penalty" of the full $80 to be charged to late payers?