Property glossary
Levy roll
Also known as: levy schedule
The schedule of monthly levies payable by each unit in a community scheme, set from its participation quota and the approved budget.
Definition
A levy roll is the master list of what every unit in a body corporate or HOA must pay in levies. Each unit's contribution is derived from its participation quota (its share of the scheme) applied to the budget approved at the AGM. The roll shows per-unit monthly amounts, running balances and arrears.
In the South African context
Under the Sectional Titles Schemes Management Act 8 of 2011 (STSMA) levies are ordinarily raised against owners in proportion to their participation quota, unless the rules provide otherwise. The body corporate approves the budget at the AGM and the trustees raise levies accordingly. The roll is also the source of the figures used when a managing agent issues a levy clearance figure on transfer.
Example
A 20-unit scheme with a R480 000 annual budget and equal quotas charges about R2 000 per unit per month; a larger unit with a higher participation quota pays proportionally more.
Why it matters
An accurate, live levy roll is the backbone of scheme cash flow — it drives billing, arrears tracking, and the levy clearance certificate issued on transfer of a unit.
Informational only — not legal advice. Confirm specifics against the current Act and your scheme’s rules.
Sources
- STSMA — Sectional Titles Schemes Management Act 8 of 2011 — levies in proportion to participation quota