Is interest payable on overdue levies?

Interest on Body Corporate Levies The recent decision of Richard Bruxner, president of the Northern Territory Civil and Administrative Tribunal (“NTCAT”) in MacNaughton v The Proprietors – Unit Plan 91/181 has put a spotlight on whether a Body Corporate can charge a unit holder interest on overdue contributions and levies.[1] The Unit Titles Schemes (Management…

Look before you lease: 3 tips on landlord disclosure statements

In early 2018, Darwin recorded the highest vacancy rate, at an astonishing 21.6 percent, across all Australian office space markets three years in a row. Commercial landlords cannot afford to get caught out over any mistakes that could have been easily avoided by obtaining legal advice prior to entering into a new lease with a…