What does my levy contribution pay for?

What does my levy contribution pay for?

  • The contribution (levy) charged to a unit will fund a proportionate share of the costs of running the communal areas, which includes the maintenance of the exterior of all units in the Scheme.

    • These costs may include, but are not limited to: security, intercoms, telephone, fire alarms, fire extinguishers, pool service and maintenance, cleaning, lighting, garden service and maintenance, general maintenance and repairs, service providers, etc.

  • The contributions cover the cost of the home insurance (body corporate / sectional title insurance), public liability insurance and fidelity fund insurance for the Scheme.

  • Auditing, tax submissions and financial administration fees for the Scheme are also covered by the contributions (levies).

  • Scheme rates and taxes (if applicable), common property water, refuse removal (if applicable), effluent costs for the common property, as well as common property electricity is covered by the contributions (levies).

  • It is a requirement of the new Act that all Schemes obtain, implement and budget for a Maintenance, Repair and Replacement (MR&R) plan (10 year plan).

  • The contribution to the MR&R plan may be indicated as a separate contribution line item on your monthly statements.


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