For Owners who would like to calculate their Special Levy commitment prior to the forthcoming AGM on Thursday 27th May, here is how to calculate your individual levy:
| Pines Special Levy Calculation | |||
| (Example Only) | |||
| A | Apt Unit Entitlement | 25 | From Owners Levy Notice |
| (See sample) | |||
| B | Garage Unit Entitlement | 1 | From Owners Levy Notice |
| (See sample) | |||
| C | Owner Unit Entitlement | 26 | C = A plus B |
| D | Total Building Entitlements | 1,064 | From Building Certificate of Title |
| E | Owner Share | 0.0244 | E = C divided by D |
| F | Total Capital Works | $2,116,000 | Approved Budget |
| G | Owner Special Levy | $51,706.77 | G = E multiplied by F |
| Note: Please substitute your entitlements in (A) and (B) and repeat calculation. Some apartments have either ‘0’ or multiple garage entitlements | |||
Owners who will have to replace doors and/or who choose to replace their balcony tiles with tiles other than the selected $70 per sq m tiles will incur additional costs to the Special Levy.
Sample Documents
