Question: We receive a delayed strata levy. On the levy it shows 2 quarters plus interest, however, this was sent late from the strata. Are the owners still responsible for the interest?
Answer: If the levy was issued late, they should not be charged any interest.
They shouldn’t be responsible for the interest. If it was issued late and interest was charged due to the lateness of that notice then No, but they might want to check if the interest relates to those two quarters and it doesn’t relate to a previous amount. But no, if it was issued late, they should not be charged any interest.
This post appears in Strata News #497.
Leanne Habib Premium Strata E: info@premiumstrata.com.au P: 02 9281 6440