|
Dear Jolly Harbour Property Owner,
Presently invoices are sent from Accounts Receivables to all CDAL Homeowners accompanied by a monthly statement which has a payment due date of net (30) days.
Contractually the Community Charge has always been an upfront payment. However, with sending the invoice for community charge together with the utilities invoice, which is due to meter reading and processing, this is in practice not achieved. Besides that we see that regardless of the fact that there is no actual due date shown on our invoices, individuals let themselves be guided by the due date our system automatically generates on the statement instead of the invoice.
Therefore, CDAL will be invoicing and sending out Community Fee and Sinking Funds on the 15th of each month, separated from the invoicing process of the utilities, which will then be payable in net (15) days by 1st of each month. This also spreads the workload on the accounts department.
Utilities will be invoiced and sent out at month-end (by 31st) and are payable in net (15) days, by 15th of the following month.
To reflect this we will change the due date to net 15 days.
This change will become effective from November 2019 invoice charges.
- Therefore, CDAL will be invoicing and sending out November 2019 Community Fee and Sinking Fund on 15th November, which will then be payable in net (15) days by 1st December 2019.
- Also effective the Utilities for October 2019 will be invoiced and sent out at month-end (by 31st) but will also become payable in net (15) days, by 15th of the following month.
You are kindly asked to take note and please be guided accordingly.
Kind Regards
CDAL Management.
|
