I understand the process of a Strata loan for major expenditure but what I would like to know is can some owners opt out of participating in the loan and instead pay the required contribution for their lot, hence avoiding having to pay interest on the loan.
If certain owners have the cash available to cover a special levy can they just pay it and not have to participate in the loan or once a loan is approved by the OC does everyone have to participate.
I would imagine this would apply the same throughout Oz not just in NSW.