Sectional title corner – CSOS payment only applies if your levy is over R500
In our complex there are 16 units and our levies are R1,250 each per month. So according to my calculation that’s R15 per unit – paid quarterly will be plus/minus R240 to the ombudsman. I have no idea to whom we send this amount or is that still to be revealed? – Rosie
Dear Rosie, your calculation is correct: the CSOS levy is 2% of the amount with which your monthly levy exceeds R500.
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Who is Karien Coetzee?
Karien Coetzee is the national property management consultant at property management company, Trafalgar. She holds qualifications in sectional title schemes management and homeowners association management.