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Levy increase rejected
I would like to know what the ST Act says when owners reject an increase in levies.
At the recent AGM owners rejected the increase in levy as they said we have enough in our bank account (R100 000) to cover expenses.
Our complex (17 units) is very basic, just the houses. The complex is face brick, and we only paint gutters, downpipes & seal roof ridges which have just been done.
We have our own water meters, and pay our own electricity.
But there are the general expenses that need to be paid, municipal refuse, insurance, MA, garden service, and general maintenance.
Our MA accepted their decision.
The levies cover these expenses but the problem is the owners don’t want us to have a huge amount in our bank account as they say they cannot have their portion refunded when they move out. We do have 3 months levies saved.
My point is what happens if we have an emergency and need money for something? Our only option would then be to raise a special levy but then we would not have the money immediately.
They don’t believe in saving for a rainy day, just so long as our expenses are paid they say it is okay.
Is there anything the trustees can do about this legal wise?
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RE: Levy increase rejected
Hi Desiree,
We see that your question has not yet been answered....Show More
Should you wish to chat to one of our Attorneys, we can assist with answering this one question.
We are currently running a Black Friday special where you can have a 15 minute telephonic consultation with one of our attorneys for R350.00 (incl. VAT). (Please note: that the latest payment can be made is on Wednesday 28 November 2018).
You can request this by copying this link into your URL bar:
https://www.paddocks.co.za/advice/private-consulting/15-minute-telephonic-consult-promo/
Thereafter, we can assist with answering this one question in a 10 minute telephonic consultation. The fee for this is R490.00 (incl. VAT).
You can request this by copying this link into your URL bar: https://www.paddocks.co.za/advice/private-consulting/10-minute-telephonic-consult/.
Alternatively to find our more, or arrange the consultation, please contact me at Paddocks on 021 686 3950.
Kind regards
Nicole
RE: Levy increase rejected
Hi Nicole,
Thank you for your reply and kind offer. I am really surprised that no panel member was able to help and reply to my question. I am unable to take up your kind offer of consultation whether it was a Black Friday rate or ordinary rate as I am a pensioner and really cannot afford it, plus the cell phone call as well which would also be very costly calling from Gauteng.
So many thanks again, much appreciated.
Regards,
Desiree