In the previous post, we addressed the most frequently asked questions regarding sectional title levies (read it here). In this post, we’ll explain how bodies corporate calculate these levies. Setting levies without bias When calculating sectional title levies, it is crucial to make impartial decisions. The process of determining body corporate levies should be transparent […]
What are body corporate levies and why are they important? In sectional title ownership, a body corporate is responsible for the management and maintenance of the common areas and facilities within a development or complex. Alongside the body corporate’s obligation to establish a thorough 10-year maintenance plan, each individual owner of a sectional title unit […]