Sometimes circumstances arise that make it a challenge to pay levies on time.
If you have overdue levies, you may be able to request a payment plan to make repayments more manageable.
Email your completed form to: strata@precise.property
Sometimes circumstances arise that make it a challenge to pay levies on time.
If you have overdue levies, you may be able to request a payment plan to make repayments more manageable.
Email your completed form to: strata@precise.property
A payment plan allows you to repay overdue levies in instalments, usually over a period of up to 12 months.
For NSW properties under Section 85 of the Strata Schemes Management Act 2015 and Section 18 of the Strata Schemes Management Regulation 2016, owners have the right to apply for a payment plan when levy contributions are in arrears.
Yes. A payment plan only covers overdue levies. Any new levies issued must still be paid in full and on time.
Most plans run for up to 12 months. If you need more time, you can request another plan, but it will need to be approved at a general meeting of the Owners Corporation/Body Corporate.
Interest may be charged on overdue levies. The Owners Corporation/Body Corporate can decide at a general meeting to reduce or waive this interest.
If you miss a payment, your plan may be reviewed and could be cancelled. In that case, the Owners Corporation/Body Corporate may continue with normal debt recovery.
