Levies pay for running and maintaining the building. Understanding how they're set helps owners and committees avoid disputes.
The body corporate approves a budget at the AGM. Levies are usually split by each unit's ownership or utility interest.
Operating costs cover insurance, cleaning, gardens and admin. The long-term maintenance fund saves for the work in the long-term maintenance plan.
Unpaid levies can be recovered as a debt, including through the Tenancy Tribunal. Clear notices and reminders prevent most arrears.
Flatflo calculates levies by interest, sends notices and reminders automatically, records payments and follows up arrears in stages.
Yes. Many body corporates collect levies quarterly or monthly, as approved at the AGM.
Usually the Tenancy Tribunal, which hears most unit title disputes.