The timely payment of contributions and service charges by each owner is essential for the ongoing operation of a body corporate. Regardless of an individual’s personal or financial circumstances, it really is unfair on all other owners if one owner does not pay on time (and in full) any amounts owed. The paying owners end up subsidising the non-payers.
As you would expect, Body Corporate legislation contains quite a bit about levies and options to entice timely payments. If you want to know the essential rules then read on.