#18527
kiwipaul
Flatchatter

    @Minty said:
    Hello Jimmy

    The Strata Manager has said that, depending on this owner’s financial situation, we may eventually have to write off this debt, which seems incredible and grossly unfair?

    This SM dosn’t even know the rules of his own business, the debit is not against the owner it is against the lot, and unless he pays the debit, penalties that have accumulated (10% interest per year), the cost of the debt collection agency you can as a last resort seize and sell the lot to recover ALL your money.

    The longer it goes on the larger the debit the lot OWNER HAS to pay eventually. (shame it’s not in QLD as their the penalty rate is 30% so it’s a great little earner for the Strata).