Sectional title corner – How do I pay the CSOS levy?
Hi, our complex has seven units and our current levy is R1,500 per month. I have calculated that the levy that is due is as follows:
R1,500 – R500 = R1,000
R1,000 X 2% = R20
Therefore, the total levy that is due every three months is R140.
Is this correct?
Another question is how do I register and pay it over? – Bianca
Hi Bianca, the calculation of the CSOS levy is correct. The CS1 registration form should be used to register with CSOS. The CSOS levies are actually to be raised from 1 January 2017 and paid over to CSOS quarterly.
We are still awaiting confirmation of the payment method and if they will invoice the complexes.
Ed comment: According to the office of the ombudsman, the organisation is getting the same question on a daily basis. CSOS’ finance department is currently still working on the process of payment and should be issuing a directive on this soon. HomeTimes will be sure to keep readers informed.
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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.