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Hi. We’re just purchasing in a small strata scheme (13 units) and queried the unit entitlement for the unit we are purchasing with the owrner. He didn’t know the answer. Our new unit has the largest entitlement (by 15%) but is not the largest unit by size – the next door one is larger (about 15% by size).
I can see some reasons why this might have been arguable when the strata was created (this is a wharehouse conversion) due to slightly better light and view amenity.
However, since the strata was created the unit next door (and the one next to it) have enclosed balcony areas (adding an additional 20 sq m or so to each).
Do unit size changes post strata creation form the basis for a readjustment to the entitlements? It would be relatively minor – and would probably only affect 3 units – ours and the 2 next to us – with ours decreasing say by 10% and theirs increasing by 10% and 5% respectively (just a guess). That would save us about $800 a year. I suppose it would depend on the costs of doing all this – we might not recoup our money for years!
Any thoughts?
