QRH said:
Our strata plan currently has a 95% default rate on levies…. Only several members of the EC are currently financial…
But this has been complicated because (under a lease agreement) the Admin levies are supposed to be paid by a tenant (a serviced apartment operator) who leases all lots in the estate…. and is refusing to pay. This is resulting in extensive Supreme Court action which is costing everyone….
Of course levies are ultimately the responsibility of each lot owner and as the OC has no contractual relationship with the lot owners’ tenant – the OC are pursuing individual lot owners for the levies – using a strata collection service.
But it IS a nightmare and the OC are financially paralysed as a result.
Hi QRH:
Ninety five percent is very impressive. An interesting situation and i would agree that ultimately the levies are the responsibility of the unit owners. Has CTTT been involved and if so what was the outcome?
I’m not surprised your OC is paralyzed.
We are far from paralyzed but it is not a healthy situation to be carrying a significant amount of other people.
Keep us posted on how things progress.