#37511
Jimmy-T
Keymaster

    Paying levies in advance may be the cleanest way to do this.  The owners could pay the levies in advance and receive a statement from the treasurer/strata manager acknowledging this.  Subsequently, each levies notice would contain the amount of the levies and a statement of the positive outstanding balance.  However, you’d have to work out how long it would take to recoup the money by this method.

    That said, a much better plan might be to get a short-term strata loan that could be paid off by a special levy at the next AGM.  That, however, would require agreement at a general meeting.

    And on that note, if you make this a private loan, make sure you don’t fall foul of Section 100 of the Act, which requires agreement at a General Meeting.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.