services
Unit Entitlement Valuations
IPN Valuers provide Unit entitlement Valuations to Owner Corporations to determine the share of ownership that each owner has in the common property of the strata scheme. The results of these valuations are used to determine levies and voting rights for each owner and is essential to ensure that each owner's contributions to the scheme are fair and equitable.
What We Do
IPN Valuers commonly conduct these services for new developments or existing schemes with disputes over unit entitlement allocations. This service involves the calculation and allocation of unit entitlements to individual lots within a strata scheme based on their relative market value.
For new developments, IPN Valuers typically carry out the valuation before the registration of the strata scheme. This valuation assessment takes into account the market value of each lot in the development, based on factors such as location, size, and any special features or amenities. This process ensures that each owner's unit entitlement is proportionate to the value of their lot and that the levies and voting rights are distributed fairly.
However, for existing strata schemes, often IPN Valuers perform these valuations after a dispute over unit entitlement allocations. These disputes often arise due to changes in the market value of individual lots, errors in the original allocation, or disagreements among owners. These valuations are then required to rectify any unfair or incorrect allocations and ensure that each owner's contributions to the scheme are equitable.
Our Fee Structure
| Assets Value | Cost | Cost inclusive of Rent Assessment | Current Use |
|---|---|---|---|
| Up to $1 Million | $225(+GST)* | $325 (+GST)* | Single residential property |
| Over $1 Million | Request a quote | Request a quote | |
| Multi-Unit/Tenancy Property | Request a quote | Request a quote |
| Assets Value | Cost | Cost inclusive of Rent Assessment | Tenancy |
|---|---|---|---|
| Up to $1 Million | $450 (+GST)* | $650 (+GST)* | Single tenant (third party/related party) |
| $1 – $2 Million | $550 (+GST)* | $750 (+GST)* | Single tenant (third party/related party) |
| $2 – $3 Million | $650 (+GST)* | $850 (+GST)* | Single tenant (third party/related party) |
| >$3 Million or complex properties (including multi-tenant) | Request a quote | Request a quote |
| Assets Value | Cost | Current Use |
|---|---|---|
| Up to $1 Million | $500 (+GST)* | Lifestyle/Non-specialised |
| $1 – $2 Million | $900 (+GST)* | Lifestyle/Non-specialised |
| >$2 Million or specialised | Request a quote |
* Indicative pricing structure.
The above pricing is for desktop restricted property assessment (FY2023/2024).
Please note that the table summarizes the pricing structure for different property types and asset values, along with associated assessment costs and tenancy types. For some more complex commercial properties(including multi-tenant or specialised properties) customized quotes are necessary.
IPN Terms & Condition apply