BREAKING: Sectional titles, here’s how to pay your CSOS levies
Sectional title, bodies corporate and managing agents began collecting CSOS levies from January this year. But since the Gazetting of the new regulations in October last year, managing agents, homeowners associations and bodies corporate have not had clarity on where or how to transfer the collected fees to the Community Schemes Ombudsman office.
According to Karien Coetzee, national property management consultant at managing agency, Trafalgar, each complex will receive an invoice – starting end March 2017 – to pay over their CSOS levies on a quarterly basis.
“If they want to pay it over sooner they have to contact CSOS for the banking details,” said Coetzee, noting that no banking details could be released to the public. “The CSOS cannot just give out [these details] without also giving you your complex’s unique reference number to use, which will also be on the invoices.”
HomeTimes has received a lot of queries requesting clarity on this missing piece of the puzzle, and we’re glad to have it sooner than later. It remains vital that if your homeowners association, managing agency or body corporate has not yet registered your development with CSOS – in order for the ombud to have your contact details and address – that there is still time in pocket to get this done. The longer registration is delayed, the bigger the bill to CSOS will become and the greater the burden on homeowners.