@considerate band fair said:
Hi All,Speaking of levies and unit entitlements, does anyone know how they are actually allocated? How they are valued then allocated? They clearly don’t work on one price as per sqm. Not in my building anyway. I would have thought lots on higher floors with better city views would pay more per sqm than the smaller lots with no views? Our Strata Manager has no idea. Any information would be greatly appreciated.
Cheers CBF
CBF,
Speaking from Victoria here – There is no set procedure for the setting of Unit Entitlement or Liability. In most cases, it would be calculated on either the size (MSQ2) of the lot, or the original sale price.
In other schemes, I’ve spoken to surveyors where they apply a nominal figure and add on top for the number of bedrooms for instance a 1 bedroom might have a lia/ent of 100 and a 2 bedroom has 110.
This is not strict, and very difficult to find out if your plan is more than a few years old.
Hope this helps –
DWDuck004