Strata levy increases – how much and how often?
Our own Leanne Habib helped our friends at LookUp Strata with a reader query regarding strata levies.
You can see our response here.
Similar Posts
NSW: Q&A How do we Deal with Strata Manager Complaints and Bullying?
Question: If the strata manager gives incorrect advice causing a monetary loss to the owners corporation, what remedy is available to the OC? Answer: The type and quantum of liability of the managing agent is limited. Generally, the strata management agency agreement between the Strata Management Agency and Owners Corporation will set out the liability of…
NSW Q&A: Proxy Voting Under the Community Land Management Act
Question: Do the changes in the Strata Schemes Management Act limiting the number of proxy votes an individual may hold, also apply under the Community Land Management Act? I live in a Neighbourhood Association and want to be clear as to how many proxy votes an individual may hold under the Community Land Management Act,…
NSW Q&A: Are There Regulated Fees for Strata Roll Access?
Question: In NSW are fees regulated for providing strata roll access? Is there a standard fee that can be charged for lot owners to view the strata roll? As a lot owner. I’d like to gain strata roll access to view the information contained on our strata roll. Is there a standard fee that can…
Q&A NSW: Can a parking offender’s car be towed from common property?
Question: We have a non resident who irregularly uses visitor parking while he commutes. He has no connection with our scheme. Are we able to tow his car and is it the best option? Answer: As the vehicle is only parked one day at a time you will not satisfy the notice requirements needed…
NSW: Q&A Owners Corporation Meetings – Correspondence, Times and Frequency
Question: When our AGM was scheduled, a cut off date was set as 5 weeks prior to the AGM. This was the last day agenda motions would be accepted. Does the close off date need to be advertised? Answer: There is no obligation to advertise the cut-off date for a general meeting. There is…
Are low strata levies always a good thing?
In a previous article we wrote, titled Strata Fees, Strata Levies, Management Fees. What’s the difference?, we explained that the amount you pay in strata levies are typically dependent on three factors: the location and quality of your building and the facilities offered. Levies can be kept artificially low in a number of ways. For example,…
Keep up-to-date with the latest news
Sign up to our newsletter tor receive updates and news.
