Collecting Arrear Levies: A New Risk for Your Body Corporate

Levy collections are the lifeblood of sectional title schemes, and both owners and trustees need to know about a new Supreme Court of Appeal decision which puts at risk the body corporate’s right to apply for the sequestration of levy defaulters’ estates.
That has serious implications for the body corporate’s ability to collect arrears by accessing the value in the unit itself. Be warned and act now to nip any arrears in the bud …Amongst the many challenges t… …read more