[Minty]

Many thanks again.

 

I have asked the Strata Manager for further clarification and the Collection Agency has advised that:-

“An owners corporation has no entitlement to lodge a caveat on the Registrar General’s folio of the Register for the lot of the defaulting owner in order to try and secure the debt as a simple debt does not constitute an equitable interest in realty”.

 

Any other suggestions or thoughts?

 

[Minty]

Thanks for your help.  However, the Strata Manager has advised that the Collection Company have stated that levy arrears do not provide “caveatable interest in the property”.

 

I realise that all collection costs and interest are payable by the lot owner.  However the Strata Manager suggested that, depending on the owner’s financial equity in the property, this may not be recoverable under a bankruptcy process.

 

I wonder if you have any other suggestions/advice.

 

Many thanks.

 

 

[Author]

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