What rights do strata property owners have whenthe committee proposes increasing strata levies by 700%?
Q: What rights do strata property owners have when the committee proposes increasing strata levies by 700%?
A: Strata property owners have voting rights when it comes to strata levy increases proposed by the strata committee. Any changes to levies need to go to a general meeting, which all owners can attend.
If strata property owners disagree with a strata levy increase, they are able to reject the levy by voting against it. Alternatively, they may wish to change the amount the levy increases by raising a motion.
When the strata committee proposes a levy increase, whether for annual levies or a special levy, they must define its purpose. It may be worth having a look into how they plan to use the funds raised. It may turn out to be something urgent and quite important that will save further spending in future.
Click here to read more on this topic in our article How are strata levies calculated? And are you paying too much for strata levies?.