Reply To: Levies debts – your thoughts

› Flat Chat Strata Forum › From the Front Page › Levies debts – your thoughts › Current Page

01/09/2023 at 5:47 pm #70029
Jimmy-T
Keymaster
Chat-starter
    Eastover wrote:

    It is not correct to say that that “the owners corporation would have been left high and dry”.

    I have heard various takes on this, including that the owners corp must pursue the unfinancial owner for a debt repayment through a court, just to establish that the funds from the sale can be used to pay off the debt.  I wonder if there is a difference between unpaid levies and interest invoked as a result of the non-payment, as well as the costs incurred in pursuing the debt.

    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.