› Flat Chat Strata Forum › Buying and Selling › Exchange of sale contracts and special levies › Current Page
23/10/2020 at 5:30 pm
#52709
This is dealt with in the standard contract of sale. The way it works is that where a special levy is struck (as distinct from your usual levies) on or before the contract date, the vendor is liable for it. If the special levy is struck after the contract date, the purchaser is liable. Refer clause 23.6 of the standard contract.
A number of adjustments are made at settlement, such as council rates and regular strata levies. Check your contract of sale.