 |
||||||||||||||||||||||||||||||||||
|
Avoiding the upfront cost of Special Levies We all know that not all strata communities can afford the upfront cost of repairs, renovations and redevelopment. We also know that many owners struggle to meet special levies when they are imposed. With an aging population and more and more self funded retiree unit owners, raising unexpected special levies becomes a huge problem.
Delaying the works is usually not the best answer. In the case of a strata community, it is common for the cost of any building work to rise over time. The increased cost may not just be the result of inflation in the building sector. Delaying works might exacerbate the problem, increasing the scope of the work that must be done which in turn can potentially add thousands of dollars to the original quote of works.
Another potential and often neglected exposure to cost is the very real threat to the community becoming exposed to legal liability if people are injured or property is damaged as a result of a delay in any repair process. Having your works done immediately without the need to raise special levies is the answer. Lannock Strata Finance solves these problems. Lannock is the finance group who understands what it means to meet the needs of people in strata, after all Lannock only lends to strata communities making Lannock the strata specialist. You can contact the people at Lannock direct on 1300 851 585, email here strata@lannock.com.au or find out more about strata finance at www.lannock.com.au.
|
|||||||||||||||||||||||||||||||||
| This page
last updated on 1st October 2006 © Purchasers Strata Inspections Pty Ltd 1976 - 2006 |
||||||||||||||||||||||||||||||||||
