Special Levies: What They Are, When They’re Needed, and How They’re Decided.
A common question in community schemes: “Why are we paying a special levy?”
Here’s what owners and Scheme Executives should know:
- Special levies fund unforeseen expenses not budgeted for in the approved annual levy.
- They require a Trustee or Director resolution and must be clearly communicated.
- They cannot be used for luxury upgrades.
- Owners must contribute in proportion to their participation quota, or equally in an HOA.
At ANGOR, we guide Scheme Executives through the correct procedures – assisting with full transparency and legal compliance.