What is Unit Entitlement on a Strata Plan?
The Strata Titles Act (STA) defines unit entitlement as establishing the following: • The voting rights of a proprietor • The undivided share of each proprietor in the common property • The proportion payable by each proprietor of contributions levied under section 36. Strata Plans show the relative proportion of each owner’s share in the scheme. This is called unit entitlement and is set by a Licensed Valuer. In a strata scheme, the unit entitlement of strata lots is calculated to take into account the capital value of buildings on strata lots as well as the land (whether it is common property or individually owned). The unit entitlement of survey-strata lots is calculated on the unimproved site value of the lots and ignores the value of any buildings on the lots.
