Strata Special Levy
nounstra·ta spe·cial lev·ypronounced STRAH-tə SPESH-əl LEV-ee
Last reviewed 16 April 2026
What does the noun Strata Special Levy mean?
A one-off charge raised by an owners corporation when the regular strata fund does not have enough money to cover an unexpected or major expense. It requires approval at a general meeting and is payable on top of normal quarterly levies.
How the noun Strata Special Levy is used
Six months after we moved in, a special levy of $8,000 per lot was raised to replace the building's waterproofing membrane.
Synonyms
special assessment, one-off levy
Related words
Cite this entry
MLA citation: "Strata Special Levy." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/strata-special-levy. Accessed 30 May 2026.
Chicago citation: How to Property. "Strata Special Levy." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/strata-special-levy.
APA citation: How to Property. (2026, April 16). Strata Special Levy. https://howtoproperty.com.au/definitions/strata-special-levy