#36771
Jimmy-T
Keymaster

    This is also enshrined in the Act.  The Owners Corp can offer up to 10% off for early payment.

    Section 85 (4): An owners corporation may, by resolution at a general meeting, determine (either generally or in a particular case) that a person may pay 10% less of a contribution levied if the person pays the contribution before the date on which it becomes due and payable.

    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.