05/08/2025
🛑 Consequences of Not Paying Levies to the body corporate 🛑
If you're part of a sectional title scheme, ignoring your body corporate levies can have serious financial and legal consequences.
💸 Financial Consequences:
• Interest Charges add up fast, up to a maximum of 24% per annum.
• Credit Listings can damage your score.
• Legal costs will accrue for which the owner will eventually be held legally liable to pay
⚖️ Legal Consequences:
• Legal action may be taken.
• You could face a court judgment, wage garnishment, rental income can be attached, movable items can be sold or even your property can be attachment.
📌 Can Levies Be Written Off?
No. Levy debt is a secured debt tied to your property — even if you sell, the debt must be paid.
📝 The Legal Process Includes:
1️⃣ Reminders & Demand Letters
2️⃣ Summons
3️⃣ Court Order & Judgment
4️⃣ Ex*****on process: Salary garnishment, rental income can be attached, movable items can be sold or even your property can be attachment.
5️⃣ Possible Sale of the Property
✅ Pay levies on time to avoid these risks and help your scheme thrive and if you are not able to afford it, consider rental or sales before litigation.