Sectional title corner – Can our trustees increase levies by 20%?
Good day, our trustees have decided to increase our levies by 20% per annum. If you are an owner but not one of the trustees, do you have a say in the increase of levies?
In terms of Management Rule 21 (b) the trustees may only increase the levies by up to a maximum of 10% in the beginning of the financial year; they can propose a further increase at the AGM. The best route to follow is to approach CSOS. The notice also needs to be done in terms of Management Rule 25 of the Sectional Title Act.
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This question was answered by experts from the Central Developments Property Group and facilitated by communications manager Alda Erasmus
Who is Alda Erasmus?
After obtaining an honours degree in Corporate Communication from UJ, Alda spent 11 years living and working in the USA, the Netherlands and the UK in the financial software industry. She joined the Cosmopolitan Projects and Central Developments Property Group in 2010. Since then Alda has worked with all the divisions in the Group, including human resources, land development, project management, construction, marketing and property management.