When trustees, managing agents or homeowners hear about disputes over levies, it often stirs anxiety: “What can the Community Schemes Ombud Service actually do?”, “Can CSOS rewrite our levy schedule?”
Budgeting for major maintenance projects is one of the most important executive functions of the trustees. Trustees attempt to keep levies low, but this should never be at the expense of saving for future maintenance projects.
Historically bodies corporate did not budget for, or save for the maintenance, repair and replacement projects. So, for example, where the scheme’s lift needed an expensive service, the trustees would need to raise a special levy to fund the expense. T
Over the last ten plus years I have often been asked when and how special contributions (or “special levies”) can be legally raised. There are so many misconceptions and misunderstanding in regard to special levies. I have been told that:
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