Don't Be a Levy Leach - Why Paying Your Levies Matters

Living in a community comes with shared responsibilities, and in sectional title living, one of the most crucial is paying your levies. Levies aren't just a monthly bill; they're the lifeblood of your scheme, the foundation of the budget, ensuring the scheme remains  thriving and well-maintained.

Here's why paying your levies on time is essential:

1. Maintaining Your Property Value:

Levies fund essential maintenance like roof repairs, plumbing upgrades, and security systems. Neglecting these leads to speedy deterioration, impacting the overall value of your property and those of your neighbours.

2. Ensuring Safety and Security:

Security guards, CCTV cameras, and other security measures are funded by levies. Failing to contribute puts your community at risk and makes it more vulnerable to crime.

3. Enjoying Shared Amenities:

Community swimming pools, playgrounds, and other shared amenities are funded through levies. A lack of contributions means these facilities may be closed, leaving residents without access to essential recreation and social spaces.

4. Avoiding Legal Action and Penalties:

Failing to pay your levies may lead to legal action, penalties, and even the potential loss of your property. The BC must manage the complex effectively, and that includes collecting unpaid levies.

5. Supporting a Thriving Community:

Levies ensure everyone contributes equally to a healthy and thriving community. When everyone pays their share, it fosters a sense of esprit de corps (solidarity) and ensures a better quality of life for everyone.

What Happens When Levies Aren't Paid?

When a significant number of residents fail to pay their levies, the entire community suffers. This can lead to:

• Deteriorating facilities and infrastructure: Lack of funds makes repairs and maintenance, causing the complex to fall into disrepair.

• Increased security risks: Security measures can be compromised, leaving residents vulnerable to crime.

• Financial instability: The body corporate may struggle to cover its costs and pay its service providers, leading to further financial distress.

It's Time to Step Up:

Consciously pay your levies promptly. Consider setting up automatic payments to avoid missing deadlines. It's a small act that contributes to a safer, more secure, and more enjoyable living environment for everyone.

Together, you can ensure that your community is well-maintained, safe, and thriving.