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Approved Form 202090741 Effective for Use from 1 01/02/2021Schedule of Unit Entitlements Strata Titles Act 1985, Section 37, Schedule 2A cl. 21T(1)(d) & Schedule 2A cl. 31E(1)(c) ___ Scheme Number:
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How to fill out schedule of unit entitlements
How to fill out schedule of unit entitlements
01
Gather all relevant information such as total number of units in the strata scheme, size of each unit, common property details, etc.
02
Calculate the unit entitlement for each unit by using a predetermined formula or method as outlined in the strata title legislation.
03
Fill out the schedule of unit entitlements form provided by the relevant authority or strata management company.
04
Double check all calculations and information to ensure accuracy before submitting the completed schedule.
Who needs schedule of unit entitlements?
01
Developers of strata schemes
02
Strata management companies
03
Owners corporations
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What is schedule of unit entitlements?
A schedule of unit entitlements is a document that outlines the proportionate ownership interests of individual unit owners in a condominium or homeowners association, typically used for apportioning common expenses and voting rights.
Who is required to file schedule of unit entitlements?
The developer of a condominium or the homeowners association is required to file the schedule of unit entitlements as part of the process of creating the condominium or community.
How to fill out schedule of unit entitlements?
To fill out the schedule of unit entitlements, enter the unit number, the corresponding ownership percentage, and any additional relevant information as required by local laws or regulations.
What is the purpose of schedule of unit entitlements?
The purpose of the schedule of unit entitlements is to clearly define each unit owner’s share of ownership in the common property and their responsibility for expenses related to that property.
What information must be reported on schedule of unit entitlements?
The schedule must report information such as unit identification, ownership percentages, voting rights, and any special assessments or common area maintenance fees.
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