Hi Phil
All good questions which I would like to understand. I have the basic understanding that we pay based on our Quote as stated in our deeds, which in my case I haven’t seen so far as I completed by POA. But I don’t understand how the Quote is decided in the first place, I was of the understanding it is calculated based on the area of your apartment and its value, but if that is the case then all equivalent apartment should have the same Quote applied. However looking at the Horizontal Properties Act (see below) it seem to say it’s based on value but again similar properties on the complex have similar value.
Section 3 of the Horizontal Properties Act as translated into English says:
“In the ownership system provided for in section 396 of the Civil Code, each unit owner shall have–
a) absolute ownership of a space sufficiently delimited, intended for independent use and enjoyment, together with the architectural elements and fixtures of any kind, whether apparent or not, included within its boundaries and for the exclusive service of the unit owner, and with appurtenances specifically set forth in the master deed, including those located outside the delimited space; and
b) co-ownership, in conjunction with the other unit owners, of the common elements, belongings and facilities.
An assessment quota shall be allocated to every unit in relation to the value of the building and expressed as a percentage of said value. Said quota shall serve as a coefficient to determine individual unit shares in the expenses and benefits of the community. Improvements or impairments shall not affect the quota allocated to an individual unit, which may be altered only by unanimous agreement.”
Regards & Confused
Phil