With overdue strata levies on the rise due to the COVID-19 situation many strata schemes will soon find out how many of their owners are struggling to meet their levy commitments.
Also, recent Government announcements to personal and corporate insolvency laws will have a dramatic impact on the way overdue strata levies are recovered.
In this paper we provide:
- A Snapshot of the Changes to Levy Recovery Practice
- An Overview of those Changes
- Details of the Ramifications of the Changes
- Information about Payment Plans for Overdue Levies
- Information about Template Payment Plan Documents
After reading this paper Levy Recovery Practice Changes Due to Coronavirus if you would like a copy of our ‘template payment plan documents’ and/or would like assistance with managing your levy recovery payment plans please email firstname.lastname@example.org
For NSW strata legal, building defect or levy collection advice please contact us here or call 02 9562 1266, we’re happy to assist.