Every owner makes a monthly monetary contribution to a fund for the general expenses of the scheme, generally referred to as the levy. The levy may include: – Rates and taxes payable to local authority by the scheme, – Water, – Electricity costs of the common areas, – Insurance replacement costs of the buildings, – [...]
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Levies
Posted in Hints and Tips, Sectional Titels/Deeltitels, tagged audit fee, Body Corporate, Electricity costs, fund, general expenses, Insurance, Levies, monetary contribution, participation quota, Rates and taxes, scheme, sectional title, sectional title property, Special Levy, Water on October 2, 2009 | Leave a Comment »
