Lot Entitlement

McLean Gladstone provides expert property valuation services for Community Title Plan lodgements across South Australia. A crucial component of registering a new community plan, or a re-subdivision of an existing one, is a formal Unit Entitlement certificate prepared by a qualified property valuer. This certificate is required to accompany a community plan or re-subdivision lodged for registration, certifying that the unit entitlement of each lot represents its relationship to the aggregate unit entitlement of all lots delineated on the community plan.
 

Understanding Community Titles and Lot Entitlements in South Australia. In South Australia, land divided into at least two lots and an area of common property (like shared driveways) is considered a community plan. There are two primary types:  

• Community Strata: Boundaries are defined by buildings, which are part of the common property. The Community Corporation is responsible for maintaining and insuring these buildings.  

• Community Schemes: Lot boundaries are defined by surveyed land measurements. Owners maintain and insure buildings on their lots, while the Community Corporation insures common areas.  
   

The Community Corporation is formed when the plan is deposited with Land Services SA, managing common property and enforcing by-laws. Critically, Lot Entitlements determine the amount each owner pays towards insurance and other fees, and these entitlements are annexed in the community plan. By-laws provide for the administration, management, and regulation of common property and community lots. Our valuations adhere to the Community Titles Act 1996, which places obligations on the corporation for administrative and sinking funds.  
 

Our Expert Valuation Process for Community Titles. Our approach to determining Unit Entitlement is meticulous and evidence-based, ensuring compliance with all South Australian regulations. As an accredited property valuer and certified property valuer in South Australia, McLean Gladstone offers specialised community title valuation services. Our process typically involves:

• Site Visit and Comprehensive Analysis: We conduct a thorough site visit to understand the unique characteristics of the development. This is followed by an in-depth analysis of comparable sales data within the local market.

• Direct Comparison Methodology: Our independent property valuer team utilises the direct comparison approach to accurately value individual lots within the proposed community plan or neighbourhood plan. This involves comparing the subject lots to recently sold similar properties to establish their market value.

• Broad Market Evidence Consideration: Our real estate valuer team considers a wide range of market evidence, including sales of vacant land and improved land. When using sales of improved land, we employ an evidence-based approach to deduce the underlying land value, which is critical for accurate lot entitlement valuation Adelaide and overall real estate valuation.

• Key Factor Analysis: A comprehensive valuation on property for community titles considers numerous critical factors that influence property value. These include:

  • Land Size and Aspect

  • Location (e.g., property valuation, residential property valuation)

  • Zoning and Planning Controls

  • Demographics and Permitted Use
     

By carefully assessing these factors, McLean Gladstone ensures that the valuation of property for Unit Entitlement is precise, defensible, and meets all legal requirements for community title lodgement. Whether you are a developer, a property owner undertaking a re-subdivision, or an individual requiring a house valuation or home valuation within a community scheme, our local property valuer team provides reliable and efficient services.
 

As your trusted independent valuer property in South Australia, we are committed to providing professional and timely reports that facilitate the smooth registration of your community title plan. Contact McLean Gladstone, your property valuer near you in South Australia, for expert advice on residential valuation, commercial valuation, and all your community title valuation needs.