Unit Entitlement Valuations
Obtaining a unit entitlement valuation is vital for paying the accurate and, most importantly fair, fees and levies when owning a unit in a large strata scheme. A specialised unit entitlement valuer will investigate internal and external factors regarding the property to reflect the accurate value of the unit itself. The accurate portion of unit entitlement within the strata scheme must be determined.
Why is a unit entitlement important?
When a client owns a unit within a strata scheme, they are responsible for paying for the maintenance and covering insurance on that area, a strata development can include: commercial, residential, industrial or mixed developments. A valuer will be able to determine the total division of units within the strata scheme, including shared communal areas. It is imperative to know if your unit entitlements are correct as it has the potential to affect voting rights, owner’s entitlements following termination of scheme, council rates and land tax distribution.
Vals TAS produce detailed unit entitlement valuation reports which acutely determine the value of the unit in question. The completed report is meets the criteria to be accepted by legislative and government bodies who require them.
It is essential to have a professional certified property valuer produce an accurate report for unit entitlements. Reasons include: to determine and confirm fair unit entitlement, when there are developments/changes to the building and for the formation of a new strata scheme for new developments.
Why choose Vals TAS?
Here at Vals TAS, we have a team of dedicated industry experts to deliver detailed reports for unit entitlement purposes for our clients. With over 20 years’ experience in the property industry, we can guarantee that your valuation report to determine unit entitlements will be clear, concise and certified.
If you require a unit entitlement valuation, or would like to find out more information on how we can assist you, please call our expert team on (03) 6108 2178 and we will be happy to help. Alternatively, complete one of our online enquiry forms and a member of the team will get back to you shortly.