
Why have I paid the Special Levy at Settlement?
Recently an owner made a call following settlement of their unit and quizzed one of my colleagues on why they had been charged by their conveyancer for a recurring special levy on their settlement statement. The manager for that Strata Corporation had recommended at their meeting that they raise their sinking fund contributions toward timberwork the owners expected to take place a year from the meeting but rather than increase the quarterly levies the owners instead resolved