Unit Entitlements out of whack

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  • 15/12/2018 at 4:54 pm #12087 Reply | Quote
    williamwa
    Flatchatter

      Our retirement village in WA was established in 1988 there are 7 strata levels and 169 units.

      The top villas are 3.5 times dearer than the basic bedsits at the bottom but their unit entitlements are just over twice the basic bottom ones.

      The bottom pays 1% per year of value for fees and the top .7%

      I believe over east if this is contested and proven unfair then costs could be claimed against the Strata council.

      The cost of getting a revaluation is around $20000 making it impossible to contest.

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    Reply To: Unit Entitlements out of whack
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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