Where Do Your Levies Go? A Clear Breakdown for Owners

Levies are the financial backbone of a scheme. They ensure the property is well-maintained, compliant, and secure – protecting the value of every owner’s investment.

Here’s what each type of levy typically covers:
Standard Levy – Funds the Administrative Budget (operational costs, management fees, security, cleaning, admin).
– These are the day-to-day running costs that keep the scheme functioning smoothly.
Maintenance Levy – Contributes to the Maintenance Budget (repairs, upkeep, landscaping, building services).
– This is where the Reserve Fund plays a key role in covering both planned and unexpected maintenance.
Exclusive Use Levy – Applies to areas such as garages, storerooms, or staff rooms granted for exclusive use.
– Only the owner with exclusive rights pays this, ensuring fairness across the community.
CSOS Levy – Paid to the Community Schemes Ombud Service, a legal requirement.
– This ensures owners have access to CSOS dispute resolution and regulatory oversight.
Security Levy – Raised where a scheme has additional or enhanced security requirements.
– This might include extra guards, patrols, cameras, or upgraded access-control systems.
Special Levy – A once-off levy for major, unforeseen, or emergency expenses.
– Examples include urgent roof repairs, lift breakdowns, or insurance shortfalls not covered by the budget.

When owners understand how levies are structured, it not only improves trust and transparency, but also ensures everyone appreciates the importance of timely contributions.