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What is included in your strata levies?

Owners Corporation levies are regular payments that the members of an owners make to cover the costs of running and maintaining the common property as part of the annual budget. The amount of the levy is based on the expenses incurred by the Owners Corporation and is divided among the owners in proportion to their lot liability.

The following are some of the common expenses that are included in strata levies:

  • Building maintenance and repairs: The Owners Corporation is responsible for maintaining and repairing the common property, such as the exterior of the building, roof, windows, and common areas.

  • Insurance: The Owners Corporation must take out insurance to cover the common property and the public liability of the Owners Corporation.

  • Utilities: The Owners Corporation may be responsible for paying for common area electricity, water, and gas.

  • Management fees: The Owners Corporation may engage a professional manager to help manage the day-to-day operations, and their fees will be included in the strata levies.

  • Administration costs: The Owners Corporation may have to pay for legal and accounting fees, stationery, and other administrative expenses.

  • Pest control: The Owners Corporation may need to engage a pest control company to deal with pests in the common areas.

  • Amenities: The Owners Corporation may maintain and repair communal amenities such as swimming pools, gyms, and gardens.

It's important to note that the specific expenses included in levies may vary depending on the particular needs of the building. Additionally, Owners Corporations may levy special levies to cover unexpected or large expenses not covered by the regular levies. If you have any questions about your levies please do not hesitate to contact our team.


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