#28915
Jimmy-T
Keymaster

    David2708 said :
    Have seen conflicting accounts of how much you can increase the annual levies. Someone said 10% maximum  but that sounds dubious.

    I suspect this comes from the rule that you can’t overspend on a budgeted item by more than 10 percent without approval from a general meeting.

    It’s a good example of how people in strata often get things half-right, which means, of course, they are completely wrong. 

    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.