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Posted by Grant Beaumont on November 28, 2018
Collecting Levy Arrears: Law Changes
It’s easy for owner corporations to ignore their financial management responsibilities and focus on enforcing by-laws and carrying out repairs and maintenance. To them, financial management is just something they need to think about when it’s time for the next Annual General Meeting and for striking levies. Fortunately, most owners make all payments on time and they have enough money coming in to ensure bills are paid on time.
Things don’t always proceed so smoothly however. Sometimes, financially strapped owners delay in