Schedules for new buildings and the re-allocation of anomalous strata unit entitlement schedules
Only Qualified Valuers as defined by the NSW Strata Schemes Development Act 2015 can provide Valuer’s Certificates with a Schedule of Unit Entitlements for the registration of a Strata or Community Plan.
Clisdells have extensive knowledge of strata scheme valuations.
We have been instructed on Tribunal matters as an expert witness for the re-allocation of unit entitlement schedules (Section 236 Strata Schemes Management Act 2015) in over 60 matters before the NSW Civil and Administrative Tribunal (NCAT). We can provide risk mitigation procedures to the process of setting unit entitlements. This experience is invaluable developer clients.
We provide Valuer’s Certificates with a Schedule of Unit Entitlements, and a Statement of Reasoning as required by our professional standards. Schedule 2 of the Strata Schemes Development Act 2015 defines the unit entitlements are to be formed on a “Market Value Basis” for each of the lots in the scheme.
The type of Valuer’s Certificate and the Schedule of Unit Entitlements depends upon whether Common Property or a Development Lot is affected. Our Valuers Sydney team provide the full range of Valuer’s Certificates in compliance with the Land Registry Services requirements.
