Insurance and Strata scheme valuations

Current legislation requires Strata Schemes, Strata Managers or the Owners corporation obtain regularly up to date building replacement and reinstatement insurance valuations from qualified valuers, under the Strata schemes management ACT 2015.

Strata insurance valuers.

ALL SYDNEY SUBURBS AND THROUGHOUT NSW.

Quadrant strata scheme insurance valuations provide strata schemes with professional easy to read insurance valuations, outlining current replacement costs, along with itemised breakups of all issues and costs relevant to your unique situation.

Strata insurance and unit entitlements.

(Certification, allocation or re-allocation and amendments)

Legislation does require an appropriately qualified independent Valuer to certify new strata developments unit entitlement allocation prior to registration. In most cases only on dispute or request for re-allocation on unfair initial allocation grounds, would the unit entitlement be reviewed and re-assessed at all?

Rates and strata scheme unit sales etc are all often based on these unit entitlements, so it’s important to know is your scheme fair and equitable?

Quadrant provided fast reliable valuations on unit entitlements for initial certification, re-allocation assessment for all situations.

Strata scheme common property valuations.

Strata Schemes are owned by the Unit Entitlement holders, basically the individual unit/Lot owners.  These owners represented by a Strata Manager or the Owners corporation who manage the day to day duties of the Strata Scheme manage and maintain the common property. The common property are the areas outside those individual units/Lots, such as stairwells, driveways, garden areas, the areas all unitholders share.  These areas are all commonly owned by each unit/lot holder.

It might be an open area not allocated to a particular unit/lot that could be made into another parking space, it may be loft area or the air-space above a top floor unit, a storage area in a basement etc.  These areas hold value and on occasion, a particular unit/lot holder may wish to purchase such an area to be added to their unit/lot and entitlements.  These areas can be transferred on Title or by Exclusive Use by-law etc and all hold real value.

A Strata Scheme and its owner corporation have a duty to its owners/entitlement holders to have an independent valuation conducted on the value of the common property should it even be considering selling rights to a particular owner.

General building insurance valuations.

Whether it be a residential house, commercial building, retail shop, industrial factory or Strata Title home unit, our Insurance valuations provide all the up to date information you require.

Quadrant Building Insurance Valuations focus on the current market replacement value. They break down the various costs — legal fees, administration, demolition, removal of debris, replacement building costs, including environmental issues.

STRATA PROPERTY VALUATIONS

Our licensed property valuers provide completely independent real estate valuations and assessments for all situations and property types including residential, commercial, industrial, retail, accommodation, healthcare, and childcare. We offer easy-to-read and interpret valuation and assessment formats tailored to the client’s individual needs. Our Sydney valuers are members of the Australian Property Institute (API valuers) and are bound by a strict code of ethics.  We service all Sydney suburbs and throughout NSW.