› Flat Chat Strata Forum › Finance, budgeting and loans › Strata manager playing hardball over arrears › Current Page
I don’t see why the managing agent or the OC would be pursuing this overzealously. In the longer term, it is not in anyone’s interests to have levies unpaid and for debts to grow. However, on the face of it, jpsblue75 is making progress paying off the debt and in the meantime the OC is benefitting from better interest on the arrears than they could get if the levies had been paid on time and were sitting in the OC’s bank account.
Since it seems to be a small OC, I suggest the best course of action is to speak directly to as many as possible of the other 5 owners, or write them a letter. I would explain to them that you are catching up your levies with the payments you can manage on a regular schedule and the OC as a whole is benefitting to some extend from interest in the meantime. Given that good behaviour on your part, I doubt any legal action would succeed. As an owner you should be able to see what costs are involved in taking that legal action and you might be able to persuade your neighbours that they are better off if you are left to continue working off the debt.
That said, there is a statutory debt to the OC they they could enforce with a debt collector if you did not stick to a reasonable repayment schedule.