“My first thought is that the people with the disproportionately lower unit entitlements have been getting a free ride for a long time by having UEs that had been set at artificially low levels (a common practice to attract buyers to larger units). They’ve had their cake and now they want to eat it.”
This assertion is ludicrous. My wife and I are in a very similar situation to the poster, except that our townhouse (in a block of 11 units) is over TWICE as large as the smaller units, and is over 70% larger than 8 of the 11 units – and yet our lot entitlements are equal.
As newer owners who have bought into a 17 year old block, we have no say over lot entitlement nor any way to change it. Furthermore, if the monetary difference of actual strata fees vs “fairer” ones (based on comparative market value) is taken into account, that only adds up to low thousands of dollars – and yet the difference in sale price (entitlement-based vs comparative market value) is in the 100’s of thousands.
To say that because we should have paid a few thousand more in strata fees means we should lose out on hundreds of thousands of dollars in an unfair collective sale is just not right.