› Flat Chat Strata Forum › Levies and Unit Entitlements › Can Annual levies be raised by more than 10%? › Current Page
23/12/2017 at 9:35 pm
#28915
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.