› Flat Chat Strata Forum › Levies and Unit Entitlements › Rogue developer out of control › Current Page
The original owner/ developer of out 14 unit Strata complex in country nsw still owns 10 of the apartments. He has been levying us a regular contribution of $600 per quarter since the beginning of 2016. Prior to that ( mid 2015 when the first apartment was purchased) he met all costs himself . Once he introduced the levy, he also advised us ( ourselves and another purchaser) that we were to pay our lot entitlements ( 7% each) of the Strata Insurance which we have done each year.
Since then two more apartments have sold and he is charging them $675 each quarter plus the cost of 30 kilolitres of water at the Council rate each quarter. ( one has a 6% lot entitlement and the other has 7% entitlement).
what we now know is that this developer, while collecting levies from the owners of 4 of the 14 apartments is NOT paying his own levies and there are no bank accounts or seperate books for the accounts. He is telling us that because we have not paid 1/3 of the water accounts ( only 1 meter with account sent to the Owners Corporation) then we are ineligible to vote when the first AGM occurs but he has not paid any levies for his own apartments , even though he must be paying the balance of the operational costs.
does this mean he is ineligible to vote at the AGM