Strata Unit Entitlement Valuation
Unit entitlements are a lot owner’s ‘share’ of the strata scheme and are used to establish levy contributions and voting power of each lot owner.
The new Strata Schemes Management Act 2015 will require all unit entitlements within a strata subdivision will apportioned by a qualified valuer, All Property Valuations are licensed and certified to carry out this work.
The unit entitlement must be allocated on a "market value basis" as defined by the legislation and a qualified valuer can determine the market value. The allocation of unit entitlements must be prepared and signed by the qualified valuer before lodgement of the strata plan.
The statue of limitations for the valuation date must not be no more than two (2) months from the date of sign off to register the strata plan.