LEVY CONTRIBUTIONS. 17.1 All levies and other miscellaneous debits are due and payable on the first day of each month. Any monies outstanding on the 7th of the month shall bear interest at 2% per month. The owner will pay the costs of any arrear reminders that are sent to him. In addition to the above, the trustees shall have the right to:- 17.2 Proceed with any right the Body Corporate may have in law, for the recovery of any amount due. 17.3 Suspend any or all other services to the relevant unit for such time as they may consider necessary. 17.4 All deposits may, at the discretion of the trustees, be applied to any amount outstanding, but in such event the deposit shall immediately be reinstated by the relevant owner to the required amount.
Appears in 8 contracts
Samples: Agreement of Sale, Agreement of Sale, Agreement of Sale
