#37511
Jimmy-T
Keymaster

    Paying levies in advance may be the cleanest way to do this.  The owners could pay the levies in advance and receive a statement from the treasurer/strata manager acknowledging this.  Subsequently, each levies notice would contain the amount of the levies and a statement of the positive outstanding balance.  However, you’d have to work out how long it would take to recoup the money by this method.

    That said, a much better plan might be to get a short-term strata loan that could be paid off by a special levy at the next AGM.  That, however, would require agreement at a general meeting.

    And on that note, if you make this a private loan, make sure you don’t fall foul of Section 100 of the Act, which requires agreement at a General Meeting.

    If you want to be alerted when anyone replies to your posts or responds to this topic, please register and login, then you will be able to subscribe to the topic. The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers. NB: Longer threads may spill over to additional pages - look for the numbers on the bottom right, under the last post.