Body Corporate Levies

The body corporate, not the body corporate manager, authorises expenditure and decides how any funds will be raised. It is common for a general or everyday levy to be applied to raise the required funds. This levy is designed to meet expenses such as building insurance, maintenance, administration, building compliance costs and utility charges for services that affect common property. Occasionally there will also be need of special Levies when a one off, important cost arises.

The body corporate manager does not dictate how these levies are spent. The body corporate manager’s primary function is to administer the funds and see they are spent as the body corporate deems appropriate.

At Jocumsen Property Group, we have the expertise to help you to determine the levy that’s right for your building. Simply contact us and tell us about your building.