#20608
Jimmy-T
Keymaster

    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.

    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.