Unit Entitlement Valuations

Keen Property provides comprehensive Unit Entitlement (UE) Valuations, offering services to establish, modify, or retrospectively assess unit entitlements in strata schemes. Accurate unit entitlements are crucial for determining each owner’s share of common property, voting power, and financial contributions within a strata scheme.

Our expert team can assist with:

1. New Unit Entitlements

Establishing unit entitlements for new developments in compliance with the Strata Schemes Development Act 2015 (NSW). We ensure that all unit entitlements accurately reflect the proportionate value of each lot within new strata subdivisions, providing a fair distribution based on property value and size.

2. Modifying Unit Entitlements

Under the Strata Schemes Management Act 2015 (NSW) and Schedule 2, Part 3 of the Strata Legislation Amendment Bill 2023 (NSW), we can reassess and adjust unit entitlements to reflect changes in property value or structure. This includes situations where there is a proposed subdivision that alters the boundaries of existing lots or creates new lots. Our valuations ensure that the unit entitlement proportions remain equitable and compliant with legislative requirements.

3. Retrospective Unit Entitlements

Providing valuations under the Strata Schemes Management Act 2015 (NSW) to retrospectively assess unit entitlements, particularly when disputes arise or when historical adjustments are required.

Our valuations are conducted by qualified professionals who meet the requirements of a ‘qualified valuer’ as defined in the Strata Schemes Development Act 2015, Section 4. This includes membership in the Australian Property Institute, ensuring our valuers possess the necessary expertise and experience. Our team certifies that all valuations are free from any pecuniary interest and are conducted with the highest level of integrity, as required for the execution of the Valuer’s Certificate for draft strata plans of subdivision.

Keen Property ensures that all unit entitlement valuations comply with relevant legislation and standards, providing accurate and defendable assessments to support the smooth management and registration of strata schemes with NSW Land Registry Services.

Unit Entitlement Valuations

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