OVERDUE DEBTORS & HANDLING OF ACCOUNTS

Dear Homeowners

We would like to take the opportunity to inform you about the procedure for the handling of levies that are in arrears. Please note that levies are payable on the 1st day of every calendar month, after which date the account will be seen as an arrear account. This means that should the levy not have been paid before the end of a current month, it will be considered as a 30 day arrear. Interest will be charged to the account which will be at the prime rate, plus 2 percent, as confirmed by the banker (Nedbank) of the Homeowners Association. You will be notified via sms that your account is in arrears and should be paid within the next 30 days. It will be the responsibility of the homeowner to contact the office to confirm the amount outstanding. Should the account not be settled within the term, it will be handed over to the attorneys, Van der Westhuizen, Vos & Horn Incorporated. This account will be then handled by them and you will be liable to pay legal fees directly to them.

For those who pay the levies on a monthly basis, we would like to extend our thanks for your continued support and would also like to request that you state your erf nr as a reference when making payments. This would enable the HOA to allocate payments correctly to avoid any inconvenience. Kindly complete attached document and return to the office of the Homeowners Association as detailed above to confirm your contact details.

Sincerely
Management