What happens if some Lot Owners fall behind in levy payments?

Overdue levy payments can cause delays in important maintenance, repairs and projects. In Qld, it is required that certain monies are to be paid into a Sinking fund, and that any other money received is paid into an Administrative fund which takes care of ongoing administrative, compliance and maintenance costs. See our article Administrative Fund vs Sinking Fund? for further details.

By |2019-01-17T15:43:52+10:00January 17th, 2019|Comments Off on What happens if some Lot Owners fall behind in levy payments?