Strata Levy Contributions – Debt Recovery
The ability for an owners corporation to be able to initiate debt recovery action against defaulting lot owners is statutory. In NSW it is enshrined in the provisions of the Strata Schemes Management Act NSW 2015 (the “Act’). Recovery of legal costs A strata manager that was recently looking to engage our services to recover overdue levies from lot owners asked us: “Are all legal costs recoverable if we engage your services to recover overdue levies?” The reason for their question was that they had endured a negative experience on a case whereby a court had ruled that recovery of costs was unreasonable,