Asked by Anonymous on 23-07-2021 14:37:07
Question posted in the Property Law category relating to Gauteng
I live in a flat (sectional title) and received a levies statement with interest for the first time last month. I normally pay my levies within 30 days of receipt of the statement, however, due to unemployment at this stage, I may have had a few payments in the last few months that were paid later than 30 days. I have lived in the complex for 6 years and I am sure made some payments late before, but have never been charged interest before. Are body corporates allowed to charge interest on levies? Do they have to notify you that interest will be charged? And after what period can they start charging interest if payments are deemed late, when no definition of late payment is provided e.g. 30 days or by x date?
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