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Sectional title corner – On what levy is the CSOS actually calculated?

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Q

Good day, I followed your notice regarding payment of CSOS levy and how to work it out. We are not sure whether CSOS levies are worked out on full monthly levy or only administrative levy

Can you please assist me herein? Thanks – Martie

A

Hi Martie, please note that the CSOS levy is calculated on the full levy exclusive of the maintenance or reserve levy.

Note: Schemes that would benefit from using a CSOS scheme levy calculator can email mariette@hometimes.co.za to have the calculator emailed to you


Got a burning question? Email mariette@hometimes.co.za and we’ll be sure to assist you


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PetraAnswered by Petra Lewis, portfolio manager at Belmont Property Management

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ungerermariette@gmail.com

Mariette Steynberg is a qualified economist with a post-graduate diploma in financial planning. She has enjoyed working on holistic financial plans for clients in various stages of life, as well as a development economist assessing the socioeconomic impacts of new developments. When she is not working, Mariette enjoys parenting her quirky, delightful toddler girl. Cloth diapering, Eskimo kisses and the importance of reading to your child are all causes close to her heart. Mariette is passionate about financial education and hopes to use the experience she has gained to share knowledge with HomeTimes’ readership. Her goal is to provide information that is implementable by everyone.

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