Perth Unit Entitlement Services
Here at WA valuers, we are delighted to offer exceptional customer service, consistency, and experience for our clients, to provide them with a detailed and concise valuation report. We have an expert team of local valuers who specialise in unit entitlements in Perth. With their proficiency and experience, you can rest assure that your unit entitlement will comply with all relevant legislative criteria.
Unit Entitlement Services Perth
A unit entitlement represents the portion of rights and responsibilities each individual unit in a strata scheme holds. There is a concrete number of unit entitlements which are divided between each unit, often proportionally divided according to the size or value of the unit. They determine the proportion of ownership.
A strata development can include: commercial, residential, industrial or mixed developments. An individual can also have shared ownership of communal areas in the building, as well as their own unit ownership.
A schedule of unit entitlements will be provided by a certified property valuer, they will be able to outline the total division of unit entitlements in a strata building. It is important to know if your unit entitlements are correct as it can affect voting rights, owner’s entitlements following termination of scheme and council rates and land tax apportionment. A schedule of unit entitlements is required when forming a strata scheme for a new development, or in a situation that requires the current unit entitlements to be revaluated.
Why are unit entitlement valuations needed?
Responsibility of each unit owner is decided once a schedule of unit entitlements has been prepared, and the division of the unit entitlements within the strata blocks is decided. Valuations are assessed based on the current market value.
It is important to have a certified property valuer deliver an accurate scheme of unit entitlements. Reasons include: to determine and confirm fair unit entitlement, to form a building replacement cost valuation, when there are developments/changes to the building and for the formation of a new strata scheme for new developments.
Our expert team of valuers have the certification and knowledge to provide precise unit entitlement valuations. The final unit entitlement valuation report is accepted by the legislative and government bodied which require them. With years of experience and expertise on not only unit entitlements, but also your local area, we can guarantee that your scheme of unit entitlements will be professional, reliable, and concise.
If you require out unit entitlement service, or wish to find out more information on how we can assist your valuation needs, please call (08) 9468 3290 or send us instant quote. A member of our team will be happy to help you.