Did you know that if you don’t pay your maintenance fees you could actually lose your apartment?
If do not pay your maintenance for a period of time or you owe your strata a lot of money, here is what they could do:
- If your stratum is being run properly they could exercise their right to send you a warning letter.
- If you do not respond in 30 days or decide not to pay, the strata could submit an application to the Commission of Strata for a Power of Sales Certificate.
- Once they receive this, they could sell the apartment to recoup any maintenance feeThis is a monthly fee paid by the proprietor of a strata lot... More that was owed as well as any other legal or advertising fees associated with the sale. Also if you have any mortgage left, this will be split between you and the mortgage company.
Visit PT2 for information on what your maintenance fees cover.
Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.
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