Strata levies are essential for keeping a property in good condition, funding maintenance, repairs, and shared services. However, unexpected financial difficulties, such as surprise expenses or changes in personal circumstances, can make it challenging for some owners to pay them. When levies go unpaid, it can lead to stress for the individual and strain the strata’s financial health.
NSW Fair Trading has introduced a new campaign to assist owners facing difficulties with unpaid levies. The campaign provides valuable resources including an informative video that that outlines the available options and offers guidance on accessing support to regain financial stability.
The Strata Debt Recovery Working Group, which includes representatives from SCA (NSW) and other key organisations, contributed to the development of these resources. Their goal is to offer clear guidance to owners and the strata sector on managing unpaid levies effectively.
Strata committees and managing agents are crucial in supporting owners facing financial difficulties. By providing clear information about available options, they can help owners access the necessary support they need to work toward a resolution.
For more information, including helpful advice and upcoming resources, visit NSW Fair Trading – Help with Unpaid Strata Levies.
