Topic: Can we charge penalties for late payment of levies? – FLAT CHAT

This topic has 14 replies, 5 voices, and was last updated 7 years, 5 months ago by .

Creator

Topic
25/03/2019 at 11:29 am #36574 Reply | Quote
Andy
Flatchatter
Following the discussion in this other post, I’m a bit worried our OC might be outside of requirements. A few years ago we voted to charge interest on overdue levies. I need to check but think this is legit.

The strata manager though now adds late notice penalty of $70 on top of the interest everytime a reminder is sent. There are some grumblings that this add-on is getting excessive.
Creator

Topic

Reply To: Reply #36676 in Can we charge penalties for late payment of 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.