Topic: Special Levy Raised – Not used for intended purpose – FLAT CHAT

This topic has 4 replies, 3 voices, and was last updated 12 years ago by .

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21/08/2014 at 3:55 pm #9657 Reply | Quote
Missy
I live in WA with 8 townhouses.

We had a special levy raised for some repairs of $700.00 per unit for all eight units. This was issued in March 2014. Two of the units took there sweet time to pay, however all units have paid. Fast forward 5 months the repairs are still yet to be taken out. After numerous emails/calls/letters we have now received further correspondence that the repairs will cost more than intended, however the levy raised would still be enough to cover the total cost with some pick up front the general account. Original repairs $5,200 new repairs $5,600. However the manager has advised there is only $4,800 sitting in the accounts (combined admin levy and regular account). Therefore if all units have paid this special levy (as advised by Strata Management) the it has been used to either pay off other accounts or supplement the accounts for units not paying the regular levies on time and in full.

Is this allowable to use a Special Levy not for its intended purpose?
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Reply To: Reply #22193 in Special Levy Raised – Not used for intended purpose

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.