Assessment Area

Levies/Debtors Assessment

Last Assessed:

14th Jan 2022 at 11:02 am

Responsible Party:
Detailed Assessment - Levies/Debtors

Detailed Assessment - Levies/Debtors

How do levies compare with those of similar Community Schemes? *
How well are levy increases accepted? *
Does the Community Scheme have a levy subsidisation scheme or fund in place? *
How vulnerable is the Community Scheme to the non or delayed payment of levies for whatever reason e.g. retrenchment levels of owners/tenants, rentability of units by owners, inability of owners/developer to sell units, illegally occupied units, inability to evict tenants, poor reputation of complex, lack of security, poor state of facilities, inability to maintain the assets of the Community Scheme to an acceptable standard? *
Are any incentives being offered to owners or lessees to settle levy payments/dues early/on time? *
Is interest being recovered on late and arrears levies? *
Are the full cost of collecting arrears and outstanding amounts being recovered from defaulting debtors e.g. legal costs, admin costs etc? *
Has the Community Scheme suffered any bad debts that have had to be written off? *
Were the losses/write offs significant/material? *
Do the Trustees/Directors/Estate Management know the state of arrears of owners in respect of municipal tariffs e.g. rates and taxes, electricity/water where applicable? *
What is the outlook for levies/contributions e.g. ability to implement increases, collectability, level of default, level of bad debts? *
Does the Community Scheme provide relief to owners for the late or non-payment of levies for any specific reason e.g. financial difficulties being experienced, health reasons, unemployment, non-payment of rental by tenants etc? *