Our Body Corporate Manager has advised that the developer is not required to pay the levies for the first 12 months. Is this true?
I purchased a new apartment block.
The developer has decided to retain the commercial lot (paid admin/sinking levies) but he also has retained and is renting out another unit and has for over 6 months, however has not paid the admin/sinking levies.
Our Body Corporate Manager has advised that the developer is not required to pay the levies for the first 12 months. Is this true?
The obligation to pay levies comes from the ownership of a lot. There is literally no way to exempt anyone from paying them at all. If someone doesn’t pay the other owners have to carry an increased levy burden, which is simply not fair!
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With more than 30 years’ experience in property, management rights and body corporate law, Frank is a beacon of knowledge and a renowned strata-industry expert. Known for his straight-shooting style and commercially driven advice, Frank cuts through the most challenging legal problems to deliver real-world solutions.
An active member of the strata community, Frank generously shares his time and experience to help educate the broader industry on all things strata law. He embraces his role as an industry leader and is committed to continued industry innovation and ensuring everyone in the strata sector has access to practical resources and solutions as they navigate through the strata maze.
He regularly presents to all industry segments and also speaks at Queensland Law Society events on strata law issues to other lawyers. Frank is a regular contributor to LookUpStrata.
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