Users' questions 

Do body corporate fees include rates?

Leia Doyle

Do body corporate fees include rates?

The concept of body corporate fees is derived from the fact that a group of independent owners all own an apartment in one building and share the costs of occupation and operations. These fees accommodate such costs as security, lighting, maintenance, management and in most cases local body rates.

Can you refuse to pay strata fees?

Short answer: No! An owner’s obligation to pay strata levies is independent of any other matter between the owner and the body corporate. Therefore, if an owner refuses to pay his/her/its strata levies – the owner will become non-financial, and incur interest at 30% (or such lesser rate set by the body corporate).

What is the average body corporate fees Gold Coast?

Average body corporate fees in South East Queensland run around $5,000 – $6,000 per annum. That’s $96 – $115 per week. Many are a lot higher. The highest levy I’ve ever seen was around $25,000 p.a. or $480 per week.

What do you do with body corporate fees?

These fees are payable to the body corporate or strata company managing the property, enabling them to take care of things such as insurance and maintenance of common areas. If you are considering buying such a property, it’s important to know how these fees are calculated and what they go towards.

How much does body corporate cost in Queensland?

This article about body corporate fees has been supplied by Lisa Rutland, mybodycorporatereport.com.au. Average body corporate fees in South East Queensland run around $5,000 – $6,000 per annum. That’s $96 – $115 per week.

Do you get a discount with a body corporate?

Some body corporates or strata companies may offer discounts for prompt or upfront payment of fees and levies, and some may apply interest or late fees for levies that aren’t paid on time.

How are body corporate fees calculated-investment property?

Your body corporate fees cover everything from building insurance and maintaining common areas, through to shared utilities, building works and repairs.