5 Kinds of Strata Levies (S1: Episode 5)

5 kinds of strata levies

(I previously covered 5 collection methods of strata levies. It is also important to know the 5 kinds of strata levies which contribute to maintaining and preserving one of the large investments in your life your property)

1. Insurance to reinstate and replace your property building (#it is absolution necessary to get reinstatement and replacement building insurance. This is one of the main reasons why strata levies are raised. This levy is raised on regular basis based on your strata’s insurance premium for the year.).

2. Repair and maintenance expenses of your common property

(#Key in maximising or keeping a very good value of your property is through maintenance and repair of your common property. By having a healthy budget for repair and maintenance of your common property, you are  ...