Sunday, January 13, 2013

Debtors Update as of 31 Dec 12

The management office team initiated enforcement activities in December against persistent, stubborn and selfish debtors with monies owing for more than 60 days.

As expected the first phase was of mixed success due to some units being unoccupied. 

Due to the enforcement, a great many tenants found out that their landlord had not been paying the service charge when their access to common services was interrupted. This type of issue is solely between the tenant and their landlord.

The next batch of reminders and demand notices are currently being sent out and we anticipate more success with the units that are occupied.

We are pleased to announce that we are in the process of formally appointing a lawyer to initiate proceedings against the most persistent of debtors.

An updated listing of debtors will be posted soon, however in the meantime the following charts show the progress made and the challenge remaining:

Please click on the images to enlarge.

Dec 31 12 debtors 1
Dec 31 12 debtors 2

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