Sectional title corner – Does CSOS apply to body corporate and HOA fees?
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
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%).
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Answered by Petra Lewis, portfolio manager at Belmont Property Management