unpaid levies have now been paid

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  • 16/06/2014 at 2:47 pm #9548 Reply | Quote
    Charlie
    Flatchatter

      We have had a recalcitrant owner who has not paid levies for over many years.  Hooray, the unit has just been sold and we should receive $34,000 this week.

      Over this time we have had to use money from the sinking fund to pay bills etc as the Admin fund didn’t have sufficient funds.  This has resulted in the sinking fund being $45,000 when it should be $79,000. 

      At our EC meeting we voted to put all the full amount of the outstanding levies into the sinking fund and have advised our Strata Manager to do so.  He says this is not “legal” and we cannot do that and we need to allocate the money to the Admin, Special Levy and Sinking funds respectively.  Is this right?

      I would think as owners it is our money and we have the right to put the money where we want to.  Can anyone advise?

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    Reply To: unpaid levies have now been paid
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