Question: Are all legal costs recoverable when you engage a lawyer to recover outstanding levies?
Answer: Yes, they are recoverable
Yes. So under the Act that is a legal costs, it’s very specific. Basically any debt recovery cost that are incurred as a result of pursuing late payments, non payments or outstanding levies is fully recoverable.
What happens is, when we incur those costs, we charge it to the ledger. So any final settlement or final debt recovery process that is pursued by debt recovery officers or lawyers through the Owners Corporation, that would always be recouped at the end.
So yes, they are recoverable.
This post appears in the July 2021 edition of The NSW Strata Magazine.
Leanne Habib
Premium Strata
E: info@premiumstrata.com.au
P: 02 9281 6440

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