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Our townhouse complex is due to be painted shortly. An EGM will be held to discuss. The Special Levy should be passed – owners are keen to maintain their asset. There are 2-3 owners who said they will sell – they don’t want the Special Levy. If the Special Levy is passed on a certain date and the owner sells out after that date, are they still liable to pay the Special Levy? My understanding was that the existing owner would either 1) Have to pay the Special Levy prior to moving 2) Have the amount deducted from the sale of the property, ie, they have to make the potential new owner aware there is a Special Levy pending.
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