Friday, September 25, 2020

Strata Schemes Management Act 2015 No 50

Part 5
Division 2
Section 84

Liability of persons other than owners for contributions | Section 84

(1)  If, at the time a person becomes the owner of a lot, another person is liable to pay a contribution in respect of the lot, the owner is jointly and severally liable with the other person for the payment of the contribution and any interest on the contribution.

(2)  A mortgagee or covenant chargee in possession of a lot is jointly and severally liable with the owner of the lot—

(a)  for any regular periodic contributions to the administrative fund or capital works fund together with any interest on those contributions, and

(b)  for any other contribution together with interest on that contribution taken to recover unpaid contributions, if the mortgagee or covenant chargee has been given written notice of the levy of the contribution, and

(c)  for any costs payable as a debtor in respect of enforcement action to recover unpaid contributions.

(3)  Subsection (2) does not affect the liability of an owner of a lot for any contribution levied under this section.

© State of New South Wales Department of Customer Service. For current information go to www.nsw.gov.au.

Disclaimer: Reproduced from the Strata Schemes Management Act 2015 . This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

didn't find what you are looking for?

Try searching for It

Hello!

Drop us a message!