Examples of Body Corporate Levies in a sentence
So, you will still be responsible for the ongoing Property Management Fees, Council Rates, Body Corporate Levies (if any), Landlord Insurance, Maintenance etc.
For the purposes of this clause 13.5, the Body Corporate Levies are taken to include a proportion of any Insurance Premium (including any GST and any commission) calculated by the sum A x B ÷ C, where— A is the amount of the premium B is the interest schedule Lot Entitlement of the Property, and C is the aggregate interest schedule Lot Entitlement for the Scheme.
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If a separate assessment of the Body Corporate Levies has not issued or is not available for the Property, then the Body Corporate Levies must be adjusted in a way reasonably determined by our solicitor.
This will depend on your particular circumstances and you should seek advice from your accountant or lawyer with regard to land tax.Body Corporate LeviesBody Corporate Levies will cover the costs of the Body Corporate Management and the Caretaker Agreement.The Body Corporate will formulate annual expenditure budgets for the Scheme which are payable by all members of the Scheme in the form of Body Corporate Levies.
Where this Contract requires an adjustment or apportionment of Outgoings (except for any adjustment or apportionment of Insurance Premiums and Body Corporate Levies), that adjustment or apportionment must be made on the amount of the Outgoings exclusive of GST.
All outstanding Municipal rates and taxes and electricity accounts as well as Body Corporate Levies will be for the sellers account.
Treatment of Body Corporate Levies / Fees for Servicing Effective immediately, Body Corporate Levies / Fees are now to be included as part of Living Expenses in the Servicing Calculator; they are no longer to be recorded as an Expense.
Cancel any security card or key issued where a Proprietor is in arrears in payment of Body Corporate Levies in excess of 2 quarters.
Outgoings All Rates, Body Corporate Levies, Insurance Premiums, land tax and other outgoings in respect of the Property and the Land (as the case may be).