Forums Levies and Unit Entitlements Current Page

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  • #81458 Reply | Quote
    moulder
    Flatchatter

      I live in a 2 lot scheme in NSW. While we were between strata managers, a bill ($12,000) was presented by a contractor which would normally have been paid from strata funds to which each lot contributes equally. I paid the contractor $6,000 directly, the other lot did not pay anything.

      Since then, the newly appointed strata manager has paid the remaining $6000 from the strata funds and proposes recompensing me. I have 2 questions:

      what sum should he recompense me?
      how can he recompense me from the strata fund to the correct amount given that I have contributed 50% to that fund?

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    • #81465 Reply
      Jimmy-T
      Keymaster

        This is trickier than it sounds. You have paid half the bill then, effectively, half the balance. Your refund should be $3000 because the second payment of $6000 was half yours. Strictly speaking, the other owner should be asked to contribute $6000 to the admin fund for this to be a true zero-sum calculation but be careful – strata law says money can only be refunded when owners agree unanimously.  Next time, pay everything via the strata manager.

         

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      Reply To: Reply #81465 in Refund required – I already paid
      PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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      Forums Levies and Unit Entitlements Current Page