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My wife purchased a unit in a 10 unit block, erected in 1985. All the Lot No’s have a “Unit entitlement of 1 each” with aggregate of 10 for the whole Strata.
This means that each Lot is levied 10% for the Admin & Sinking funds, and this appears to have been the situation since registration.
However when looking in detail at the Plan of the Strata (same document showing the Unit Entitlement) it also shows the individual size of each Lot, (Apartment, balcony, garage and storage area), & clearly half the lots are different in size. They range in total area from 87Mtrs Sq to 126Mtrs Sq. Specifically, Lot sizes are 126 (1); 116 (1); 94 (3); 87 (5).
On this basis the smaller sized Lots are paying the same levies as the larger sized Lots and therefore more than they should.
It appears that the allocation of the Unit Entitlement at registration was incorrect (sloppy), did not accurately reflect the actual size of the Lots, and was likely not picked up.
My question is does anyone know if this can be rectified and if so what the process is likely to be.
E.g. Should it be a matter for the Owners Corporation to decide upon at a General meeting, (I can see those with the larger unit entitlement would not want to see a change) or can an individual owner or group of owners seek to have the unit entitlement changed to the more equitable basis, ie the actual size of each lot.
Any feedback would be appreciated, particularly from anyone who might have a background in Strata.
Thanks in advance – Winston.
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