- This topic has 1 reply, 2 voices, and was last updated 12 years, 9 months ago by .
-
Topic
-
I would appreicate it if you could advise if there is a limit on the amount that the EC can increase levies by.
I recently purchased a unit Neutral Bay and when I exchanged contracts on the property on the 21.9.2011 my levies were $1,190 PQ. I settled on the property on 4.11.11 and received my first quarterly levy invoice from the Strata Managers in late November which listed my levy as $1,897. I contacted the Strata Manager and the EC Secretary and they advised that they could increase the levy by this amount. It came as a bit of a shock I can tell you. Prior to this increase they had been raising special one off levies to pay for building repairs. I would appreciate it if you could confirm if this is in order i.e. are there any limitations on how much a strata levy can be increased in one year?
Many thanks
Wilana
- You must be logged in to reply to this topic.