Tip 50 – Post settlement issues – Post settlement levies

All going well you will have adjusted for body corporate contributions (levies) at settlement.  In the best case, contributions have not commenced until after the settlement takes place.  If you’ve missed the adjustment at settlement or you do owe a proportion of the contributions, then attend to payment quickly.  The reasonable costs of the body corporate recovering the unpaid levies from you are also recoverable from you.  Small debts can become big debts very quickly.