All levies are due and payable in advance on the first day of each calendar month.
LATE PAYMENT PENALTYON ACCOUNTS IN ARREAR
Should an owners account go into arrears whilst building the Estate Manager will have the right to deny access to any contractors until such time that the account has been bought up to date.
PENALTY CHARGE FOR LETTERS OF DEMAND
The Directors may levy a penalty for the issuing of letters of demand at a rate determined by the Board from time to time.
HANDING OVER OF ACCOUNTS IN ARREAR
The Directors can hand levy accounts that are outstanding for 60 days and longer over to an attorney for collection and all costs incurred will be recovered from the applicable member.
TEMPORARY DISABLING OF ACCESS CARDS
The Directors can approve the temporary disabling of access cards if the levies payable by an owner are in arrears. Such owner will only be allowed access to the Estate after completion and signing of the Access Control Register. Cards will be enabled by the Estate Manager 24 hours after proof has been provided that the full outstanding account has been settled.
- The administration of the Estate is solely the responsibility of the elected Board of Directors. They may decide to delegate certain or all of the managerial powers to the Managing Agent or Estate Manager.
- An appointed Managing Agent will collect levies on behalf of the Homeowners Association.