› Flat Chat Strata Forum › Living in strata › Strata Loans – would buyers be put off? › Current Page
14/07/2022 at 11:16 am
#64144
I understood that an OC is able to offer discounts to encourage early or on time levy payments. I wonder of it would be possible to somehow construct a levy payment process such that the total cost plus interest is calculated, and then those who want to pay up front get a “discount” for that, that equals the interest they are not paying. Owners not paying in full could then go on an OC approved payment plan, and would be paying the amounts as specified that covered interest, as they are not getting the early payment discount.