Levies are raised to meet the financial obligations of the body corporate for today and in the future. Levy rates vary from one body corporate to another. This is due to the different size, location, amenities etc of the Scheme.
There are two types of levies: –
Large items are listed below: –
Lifts, cooling towers, heating equipment, repainting common property, repairs to roof and guttering, refurbishing pool and gardens, purchase of additional or replacement pool furniture etc. In other words, large, irregular expenses.
A levy is paid by all lot owners according to their individual lot liability. The schedule of lot liability is set out in the plan of subdivision.
Various payment options are offered including:
To create a better lifestyle for people living & investing in commuities