Sectional Title Advice: When are levies due?

Owners of units in sectional title schemes might think their levy account payment is only due by the 7th of each month, but the plain truth is payments of levy accounts are due on the 1st day of each month, payable in advance as resolved by the trustees, says Michael Bauer, general manager of IHFM, the property management company. 
In all cases the ordinary levy amount remains the same for twelve months, it does not vary from month to month, and this payment is due on the first day of each month, said Bauer.  The trustees are not obliged to invoice the owners of units prior to the payment date but only have to provide a statement of account with payments made receipted on the statement. 
However, the trustees in sectional title schemes cannot take law into their own hands by disconnecting services or disallowing access to the complex if payments are not made, he said. 
The trustees will usually have to send a letter of demand after five days if the levies are overdue and if the account is still not paid after 30 days, the body corporate can then start legal action processes against the owner. 
If the trustees do disconnect services such as electricity or water, the owner of the unit can go to court or request arbitration for the reconnection and to be refunded any penalty fees that were charged, as well as damages, said Bauer. 
“No matter how frustrating it may be for the trustees when accounts are not paid on time, they cannot take the law into their own hands.  Owners, on the other hand, must pay their levies on time to ensure that their scheme is run efficiently and does not go into arrears on accounts that it has to cover each month,” he said. 

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 23 Feb 2018
      RE/MAX Property Associates’ Table View Office, which services property buyers and sellers along the Table Bay coastline and surrounds, has recently sold a home in Woodbridge Island for R11 million – the highest price paid for any home in the sought-after security complex.
    • 23 Feb 2018
      Choosing to invest in an overseas property can be daunting. But as more and more investors recognise the value of a diversified portfolio that includes property outside of their own country of residence, international property investment is growing in popularity.
    • 23 Feb 2018
      The positive change in South Africa’s political landscape is paving the way for an upswing in the local property market.
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us