THOUGHT OF THE WEEK Owner not paying levies: What should the Body Corporate do?
Updated: Apr 7, 2020
For many of us, our homes are the single most expensive item we purchase in our lifetime and therefore the proper care and maintenance of this investment is of the utmost importance.
Owning property in a sectional title scheme has the advantage that all owners contribute to the maintenance of the scheme, to the obvious benefit of all. But there is always the risk that one of the owners may be in default of the proper and punctual payment of levies. The body corporate should act without delay to collect the outstanding contributions.
Read here for the options available to the body corporate.
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