Can someone tell me if the BC Management company can charge additional fees that aren't set out in the AGM?
I am in the situation where I was 2 weeks late (for the first time ever) on paying my levies due to unforeseen circumstances. I paid the levies asap without the need for a reminder.
It is stated in the AGM minutes that we receive 10% discount if paid on time. Even though I was late, I still didn't pay the "discount".
The AGM minutes also state that and extra 2.5% is paid per month on out standing fees. All pretty standard.
However, 6 weeks later I have received an invoice for the oustanding discount. Fair enough, I was late, I will pay it. But on top of that I have received an extra bill for $88 for late notice admin.
So my question is, can the BC Management Company charge these extra fees that aren't outlined in the AGM minutes? Also they haven't vharged me the 2.5% interest which should be going to the sinking fund?
It all seems like a money grab to me.
I am in the situation where I was 2 weeks late (for the first time ever) on paying my levies due to unforeseen circumstances. I paid the levies asap without the need for a reminder.
It is stated in the AGM minutes that we receive 10% discount if paid on time. Even though I was late, I still didn't pay the "discount".
The AGM minutes also state that and extra 2.5% is paid per month on out standing fees. All pretty standard.
However, 6 weeks later I have received an invoice for the oustanding discount. Fair enough, I was late, I will pay it. But on top of that I have received an extra bill for $88 for late notice admin.
So my question is, can the BC Management Company charge these extra fees that aren't outlined in the AGM minutes? Also they haven't vharged me the 2.5% interest which should be going to the sinking fund?
It all seems like a money grab to me.