What are levies, property levies, property levy laws?What are property levies? To understand the laws governing property levies, it's important that you have the fundamental knowledge first. Understanding how property levy laws work To understand the laws governing property levies, it’s important that you have the fundamental knowledge first. Here’s a quick refresher: What are levies?Sectional title owners (people who own property in complexes or flats) are required to pay a monthly fee to cover routine maintenance of communal areas, which aren’t inside the owner’s home. What do property levies pay for?Levies are used to cover costs for the maintenance and upkeep of the communal areas and needs within the boundaries of the complex. These include public pools, gardens, public infrastructure, etc. Property levy laws: A basic outlineLevy management is the responsibility of the body corporate of the complex. This has been clearly set out by the Sectional Titles Act of 1986. This Act ensures that both owners and those within the body corporate are legally protected.
Property levy laws can be complicated. If you have any specific questions, or need some advice, please feel free to Mansfield Property Solutions. |