Unit Entitlement Valuations

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.

Testimonials

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Willya Waldburger profile picture
Willya Waldburger
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I am owner and executive committee member in a residential apartment building in Mascot. Our Strata committee has been working with Keen Property for several years. Keen Property has been providing us with insurance valuations and capital works reports, which have always been prepared with precision and accurately. As owners, we have taken great comfort on relying on the Keen valuation to ensure that our building is correctly insured. The Keen capital works reports have enabled us to maintain cash flow to save for any works that our building would need in the future as well as raising our awareness on what would be needed to maintain the building appropriately. This has assisted strata committee to effectively communicate and manage our building’s financial and repair require events. I am recommending Keen’s Property valuations services without hesitation, they are absolutely wonderful.
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Mary Anne Veliscek profile picture
Mary Anne Veliscek
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Based on a rental management relationship spanning two decades it is with confidence that I highly recommend Keen Property Services. Alongside reliable professional knowledge, the agency has consistently demonstrated stand-out skills including well-functioning systems, swift response time, calm attention to detail, inclusive and respectful people interactions, diplomacy, tact, sound negotiation as well as appropriate decisiveness. Business relationships such as this deserve to last the test of time.
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Francis Antonio profile picture
Francis Antonio
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Darren has been managing our residential unit in Museum Towers for many years and his company, Keen Property, is yet to be faulted. He is proactive in the prevention of overcrowding and adequately screens tenants to reduce that risk. Keen Property’s office is also based in Museum Towers, making them well placed to be aware of tenant issues at short notice. Keen Property is recommended without hesitation to manage any rental properties in the Sydney Central Business District. Dr Francis Antonio and Alison Antonio (Huskisson)
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Pete S profile picture
Pete S
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I've been very happy with the great service I've received from Keen Property. I have engaged them multiple times to provide me with valuations of my unit and the valuations have always been well thought out and presented. They are helpful, friendly and professional and I would recommend them to anyone looking to get their property valued.
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Ben Meier profile picture
Ben Meier
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Provided great advice when purchasing our house. Very informative and always available to help!
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Mish Fifita profile picture
Mish Fifita
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We have had outstanding experiences with KEEN Property in fulfilling our insurance valuation and capital works fund reporting requirements. KEEN Property's professionalism, expertise, and dedication have undoubtedly elevated our confidence in managing our property's financial aspects. The comprehensive reports provided by KEEN Property were not just documents; they were invaluable insights into the property's financial health and potential areas for improvement. Their thorough analysis and recommendations have empowered us to make informed decisions, thereby safeguarding our property's future. The professionalism and expertise exhibited by KEEN Property's team were unparalleled. Their knowledgeable staff patiently addressed all our queries and concerns, fostering a collaborative environment built on trust and mutual respect.
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Anastasia Kimberly profile picture
Anastasia Kimberly
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I love to work with this company. They are thorough, detailed and honest. Kathy is a dream and everyone I've spoken with has been very helpful and generous with their time. They've helped make what would be a complicated issue simple.
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Gaynor Smidt profile picture
Gaynor Smidt
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Selling the house that Dad built and my family home after 61 years was an emotional roller coaster ride. Kathy from Keen Property had the personality, professionalism and expertise that was needed to get me through the process. She communicated the process continuously, she new where the market was in the area and what was selling and what was not and achieved a great outcome. Couldn't recommend them more highly.
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kerri Boner profile picture
kerri Boner
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Keenan property were a great help for being a first time renter. They helped with all the paperwork and we’re quick moving.

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