› Flat Chat Strata Forum › The Professionals › SCs and strata managers › Strata Fees › Current Page
09/01/2014 at 6:30 pm
#20608
At the risk of sounding glib, a $1000 special levy is what you get when your quarterly fees are only $850. A properly managed building would have already had that money in the bank and you wouldn’t have to find all that cash all at ones (which may hurt some of your neighbours on reduced or fixed incomes).
That’s one good reason for the tightening up of the Sinking Fund rules in the upcoming strata law reforms.