Reeflords Property Development

When purchasing a sectional title property, one of the most common questions buyers ask is: “What exactly are levies?”
Levies play a crucial role in maintaining the quality, safety, and functionality of your community — ensuring that your investment continues to grow in value over time.

What Are Levies?

Levies are monthly shared contributions paid by all owners within a development. These funds are used to maintain and manage the common areas and facilities that everyone benefits from — such as clubhouses, landscaped gardens, play parks, and the overall structural maintenance of shared spaces.

In simple terms, levies keep your development running smoothly and looking beautiful.

What Do Levies Cover?

Your levy contribution covers a wide range of essential services, including:

• Administrative duties of the scheme
• Property management of the development
• Insurance for the entire property
• Security services
• General maintenance, as specified by the body corporate
• Bank charges
• Municipal services (for example, refuse collection)
• Reserve funds for unforeseen future maintenance or major expenses

These contributions ensure the development remains safe, efficient, and visually appealing for all residents.

What Is Not Covered by Levies?

Levies do not cover personal or unit-specific expenses such as:

• Maintenance or repairs within your individual apartment
• Electricity usage
• Water (in some cases)
• Personal contents insurance
• Interior maintenance or upgrades

These remain the responsibility of the individual owner.

Why Do You Need to Pay Levies?

In any sectional title development, each owner automatically becomes part of a body corporate — the legal entity that manages the building or estate.
To fund the day-to-day running of the scheme, owners contribute through monthly levies. These funds ensure that the property remains well-managed, compliant, and attractive to both residents and future buyers.

The cost of your levy is typically calculated based on a percentage of the total cost of running the development, divided among the number of units. This ensures fairness and transparency across the community.

Final Thoughts

Paying levies might seem like just another expense, but it’s actually an essential investment in maintaining the long-term value of your property. At Reeflords Property Development, we pride ourselves on creating well-managed developments that keep levies reasonable while ensuring high standards of living, security, and maintenance.

📍 Reeflords Property Development — Building Communities, Creating Value.

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