› Flat Chat Strata Forum › Levies and Unit Entitlements › Rogue developer out of control › Current Page
Thanks Lady Penelope. When we purchased our lot ( completed apartment) there was no agreement for levies and we were told verbally ( I know, I know) that the levies would be set once 40% of apartments were sold. The developer told us that he was happy to meet the costs in the meantime. We moved in in July 2015 and there was one other person who had purchased in April that year. In January 2016 we asked to meet with the Developer who was advertising the apartments for sale. We talked about the costs of maintaining the complex ( two stories with shared security garage on ground floor with apartments on 1st and 2nd floors. ) in this discussion, not a formal meeting, no agenda or minutes, we agreed to make a contribution to the upkeep of the complex and the developer then advised us that he would be happy if we paid $2400 plus our LE % of the annual insurance . We had a gentlemans agreement on this but as we know know gentlemans agreements only work if it is between gentlemen or gentlewomen. We paid the levy for that first quarter of 2016 and 7% of the annual insurance in January 2016. There is no signed agreement .
In April that year the developer was billed nearly $3000 for water use in that quarter. He then told us we were to pay 1/3 of this as the 3 of us, ourselves, the other owner, and the developer were the only ones living here. We paid 7% of this to him. The water had been used for watering of lawns and cleaning common property, which the developer denied , but has subsequently been proven.
The developer set the levy for the first two purchasers at $600 per quarter plus LE % of annual. insurance cost . The next 2 purchasers have had their levy set at $675 per quarter plus 120 kLs of water per year ( 40 kLs per quarter) despite one LE being 7% and the other 6%.
There is no signed agreement .