Receivers and Levies

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  • 14/05/2017 at 8:12 pm #11102 Reply | Quote
    swoo
    Flatchatter

      Hi

      Could anyone shed light on what happens to the responsibility of a  levy imposed on a lot which is owned by a company that  has been in receivership since 2007 in New South Wales? There are 12 Lots in the complex and two are owned by the company.

      If the Lot owner, who is under a 99 year lease passes away, who is responsible for the levy? What happens if a purchaser is not found for the Lot because of the levy?

      The Lot owner under a special use by-law was made responsible for any costs or works on the Lot and was to agree to take out insurance to cover any costs associated with the lot. We didn’t know the Lots were owned by a company. We have a Strata manager but he also didn’t know.

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    Reply To: Receivers and Levies
    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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