Charlie – my last post must have been “almost it” !!
I only mentioned the “or” option involving a valuation of your Lot and a Revised Schedule of Unit Entitlements because your earlier post stated the some other Owners in your Plan had the irrits because you had the use of the landing, but it wasn’t reflected in your Levies.
Cl 53 of the NSW Strata Schemes Management Act states that an Exclusive Use By-Law may include Conditions – such as one “requiring the payment of money by the owner or owners of the lot or lots concerned, at specified times or as determined by the owners corporation“.
As this (above) is the more commonly adopted option for circumstances such as yours, probably because it’s the one used as an example in the Act, just steer your Owners in that direction at the Meeting, ignore the “or” option, and that should negate any ambiguity and result in a determination of the once-only payment that you prefer.
By the way, it’s usual for the beneficiary of the Exclusive Use By-Law to pay for its drafting and Registration, with the quid-pro-quo being that it cannot be revoked (ever) by the Owners Corporation without the concurrence of the Owner from time to time of your Lot (i.e. you and any future Owners).
Good luck!