Strata Unit Entitlement Allocations

Strata unit entitlements are a schedule of numbers (entitlements) apportioned to each lot within a development, and are contained in a table within the respective developments Registered Strata Plan.

Strata development lot owners, not only own the unit they purchase in a strata development, they also have a share in the ownership of any common property.  Strata unit entitlements are calculated based on the value (not size) of each lot, and are used to determine the proportion of ownership each lot owner has in the respective development.  Put simply, a unit entitlement represents each Lot’s value, as a percentage of the overall value of a development.

The entitlement allocation determines the legal and financial obligations of the lot owner, and directly impacts the weighting of their voting rights (within the owners corporation).  The entitlement adopted in the schedule is also indicative of an owners stake hold in the development upon disposal, or termination of a scheme.

As industry-leading valuers, Powerhouse Property Professionals can provide Valuation Certificates and Schedules of Unit Entitlements within limited time constraints, to help ensure your Draft Strata Plan can be lodged quickly and efficiently at Land Registry Services (formerly LPI), so please phone us on 1300 097 912 or fill out our quotation request form below if you wish to have a Strata Unit Entitlement Schedule completed.