Are all legal costs recoverable when you engage a lawyer to recover outstanding levies?
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.
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Leanne is leading the conversation in strata and community management across Australia. With a distinguished career spanning over 25 years and holding credentials as a licensed Strata and Community Manager and Real Estate Managing Agent, Leanne has masterfully redefined the essence of premium strata service. Her approach, honed through years in senior roles within top-tier agencies, is unwaveringly client-focused, ensuring that expectations are not only met but consistently exceeded.
As a pivotal member of the Strata Community Association (SCA) and the CEO of the award-winning Premium Strata, Leanne, together with her team of seasoned strata managers, embodies a commitment to unparalleled service excellence. Beyond steering Premium Strata and Premium Building Management, her influence extends across the property industry as a leading voice. Leanne's insights on legislative updates and industry shifts are invaluable, offering guidance to lot owners on intricate strata matters and fostering effective and informed strata management practices.
Leanne is a regular contributor to Lookupstrata.
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