What is the administration levy?
Written by Jessica Tait
Updated at January 18th, 2021
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Import
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Administrative levies cover the ongoing fixed costs of your strata company being; insurance and maintenance of common property. Items included however, are not limited to are:
Routine building maintenance, gardening, pool services, gym services, common area electricity/water, lift maintenance, administrative, debt collection, legal, consultant and strata manager’s fees etc. As identified within the budget adopted by your strata company at your AGM.
If you believe that your levies are high it is best to get involved with your strata company, attend your general meetings and nominate to be on the Council of Owners. It is normal to have an increase in annual levies as costs for services and trades are also increased annually in line with CPI. Levies are usually higher in buildings that have more amenities and services or because the building may be old therefore requiring regular scheduled maintenance.