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Property LawStrata TitleMEDIUM

In a strata scheme where levies are shared in proportion to unit entitlement, Sarah owns lot 15 with 80 of the 2,000 unit entitlements. The owners corporation raises a $50,000 special levy for roof repairs. How much must Sarah pay?

Correct Answer

B) $2,000

Sarah's share is 80 ÷ 2,000 = 4% of the levy, and 4% of $50,000 is $2,000. When a scheme shares levies by unit entitlement, each lot pays its proportion of the total.

Answer Options
A
$1,500
B
$2,000
C
$2,500
D
$4,000

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Related Topics & Key Terms

Key Terms:

unit entitlementsstrata schemespecial levyowners corporationproportional share
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