BODY CORPORATE

What do the changes mean?
Some unit owners (whether as a home owner or an investment owner) may have difficulty paying strata/body corporate fees.
What do you do differently?
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Strata/body corporate fees remain a high priority payment. Accruing a debt can cause a large problem later on, including forced bankruptcy (and the forced sale of the unit) and very large legal costs.
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Clients may want to contact (keeping to social distancing rules) the body corporate and other owners to arrange a meeting.
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The body corporate can resolve to amend fees and change due dates of payments subject to already agreed expenditure and the requirement for a sinking fund for repairs.
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The client should approach the body corporate to make a repayment arrangement.
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Do access any hardship assistance or mediation service offered by Consumer Affairs/Fair Trading departments.