- This topic has 3 replies, 3 voices, and was last updated 1 year, 5 months ago by .
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As the financial screws start to tighten on individuals, it’s interesting to see what they are prepared to sacrifice just to stay afloat in the cost o
[See the full post at: Levies debts: Who suffers when you can’t pay?]The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.
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Well, that has happened to me as a landlord! I have to live off the rent received as I am not working. My contract ended at Easter and I’m having difficulty finding casual work. I bent over backwards to help the tenant when he was in hospital but STRATA won’t help me. i have said that I “can’t” pay but will pay. So, they got the debt collectors in and threatened to seize my apartment and take the tenant’s things!!! At $8,000 a quarter for repairs I just can’t pay. I will pay but only when I can. To prevent debt collectors I had to take out a loan on top of my own mortgage that I can hardly pay!
- This reply was modified 1 year, 5 months ago by .
It can take quite sometime before Debt Recovery steps in and it gets to the point of property seizure. 3 months to get to stage four and then when debt recovery steps in, that can go on for many months on top of that. How many quarters have you not paid?
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