Topic: Is it wise to REDUCE levies? – FLAT CHAT

This topic has 3 replies, 4 voices, and was last updated 14 years, 6 months ago by .

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23/02/2012 at 12:11 pm #7934 Reply | Quote
The Witch
The coffers are quite healthy here at our strata of 30 because we bit the bullet a couple of years ago and put the levies up with the aim of fixing a few problems such as minor concrete cancer and OH&S issues, and because levies were way too low anyway; there wasn't much in the kitty.

Unfortunately a few inexperienced youngsters have succeeded in taking control of the Executive Committee and nothing has been done, in fact, to my mind, they are 'not maintaining the common property' according to the rules.

Now the word on the street is they want to actually reduce the levies. While that's just a rumour, I and my more experienced cohorts want to keep fees as they are, at least, or even increase them a bit (and do the work needed).

Please could someone tell me how a possible levy reduction, which is bound to be a popular suggestion, would be required to be notified in an AGM agenda or otherwise? I have read nothing about is in their Executive Committee agendas or minutes; does any discussion or formulated policy about this need to be recorded on file in our strata's books?

Thanks for reading.
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Reply To: Reply #14683 in Is it wise to REDUCE levies?

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