Special Levies: When and Why They’re Raised.
Ever been hit with a Special Levy and wondered why?
Special Levies are once-off charges raised outside of the usual budget — and they serve a specific purpose.
Here’s when they’re typically needed:
- Emergency Repairs – When urgent work (like a roof replacement or burst pipe repair) isn’t covered by the reserve fund.
- Unforeseen Expenses – If the Scheme faces unexpected costs that weren’t budgeted for.
- Unbudgeted Capital Improvements – For urgent or important upgrades like solar installations or security system overhauls, which weren’t included in the annual budget.
Trustees must inform owners and explain the reasoning behind a Special Levy.
ANGOR ensures proper procedures and communication are followed.
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