This article discusses special levy after settlement, explaining whether the vendor or purchaser is responsible for a special levy due before a strata unit changes ownership.
Question: I settled the sale of my strata unit in March 2021. Am I responsible for a special levy that was due on 1 December 2020? Or is the new owner responsible?
Answer: Generally, if a Special Levy is payable within the financial year, the current owner is responsible for it.
Generally, if a Special Levy is payable within the financial year, the current owner is responsible for it.
If the levy was due on 1 December 2020 in one instalment, the outstanding levy should have been paid by the Vendor.
If there wasn’t a section 110 enquiry made about the levies, the Purchaser could be responsible for the outstanding amount.
There are too many unanswered variables to be able to give a full answer.
This post appears in Strata News #527.
Shane White Strata Title Consult E: shane.white@stratatitleconsult.com.au