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Sectional title corner – Does CSOS apply to body corporate and HOA fees?

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Q

Hi, we are currently paying a monthly levy of R1,263 to the body corporate and a monthly fee of R1,200 to the homeowners association (HOA). What amount of CSOS levy should we be paying per month? – Indira

A

Hi Indira, the CSOS levies would be R14 on the R1,200 to the HOA (R1,200 – R500)*2%) and R15.26 on the R1,263 to the body corporate (R1,263 – R500)*2%).


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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david.steynberg@gmail.com

David A Steynberg, managing editor and director of HomeTimes, has more than 10 years of experience as both a journalist and editor, having headed up Business Day’s HomeFront supplement, SAPOA’s range of four printed titles, digimags Asset in Africa and the South African Planning Institute’s official title, Planning Africa, as well as B2B titles, Building Africa and Water, Sewage & Effluent magazines. He began his career at Farmer’s Weekly magazine before moving on to People Magazine where he was awarded two Excellence Awards for Best Real Life feature as well as Writer of the Year runner-up. He is also a past fellow of the International Women’s Media Foundation.

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