A developer subdivides land and creates a strata scheme with 20 lots. Unit 15 has a floor area of 120 square meters in a building with total floor area of 2,000 square meters. What is Unit 15's unit entitlement likely to be based on floor area?
Correct Answer
C) 60 out of 1,000 unit entitlements
Unit entitlements are typically calculated as a proportion of floor area. Unit 15 represents 120/2,000 = 6% of total floor area. If the scheme uses 1,000 total unit entitlements, Unit 15 would receive 6% × 1,000 = 60 unit entitlements, determining their voting power and expense liability.
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A developer is selling apartments off-the-plan in Queensland and the building completion is delayed by 18 months due to construction issues. Under the Body Corporate and Community Management Act 1997 (Qld), what right does a purchaser typically have?
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