Strata and unit blocks Three strata reports, three templates.
Valufield has a template and a checker for strata common property, whole unit blocks and unit entitlement. The valuer sets every figure, and the checker reads the draft before anyone reviews it.
Three reports, three questions.
They sit together because they all turn on strata or unit title, but each answers a different question.
Strata common property
Values a dealing in part of a scheme’s common property, usually between the owners corporation and the owner of the next lot. Either a transfer into the lot or an exclusive use right.
Unit block
Values a whole residential block on its existing use. One template, with a style chosen per job: site or floor area, income per bedroom, or en bloc.
Unit entitlement
Gives each lot its share of the scheme total, by market value at the valuation day. It is either a one page certificate sheet for a new scheme or a full reallocation report.
Facts first, then the template.
Each report starts from its own template, filled from your firm settings and the facts the valuer confirms.
Confirm the dealing
For common property the valuer confirms the interest valued, who the client is and who pays whom. For a block, the style and the reason for it. For entitlement, the valuation day.
The valuer sets the figures
A common property report gives one figure per interest and reasons for the share the owners corporation receives. An entitlement report gives reasons for each lot, a stated rounding rule and an old against new table.
AI describes, never values
AI may suggest wording for descriptive sections. The valuer accepts, edits or discards each one. The value, rates, adjustments, sales evidence and certificate are refused to AI in the database.
Blocks that name the fix.
A BLOCK must be fixed. A WARN needs a look and a decision. Each says where in the report to fix it.
Common property rules
The checker blocks a missing strata framework section, an interest that changes between sections, and no statement of who pays whom. It also blocks common property described as a lot.
Unit block rules
It blocks an en bloc premium with no evidence and a Torrens title block with no capitalisation. It also blocks value figures that disagree with their words.
Unit entitlement rules
It blocks entitlements that do not add exactly to the aggregate, a blank valuation day, a missing rounding rule and a reallocation with no old against new comparison.
Leave, review, release
Unit entitlement is court-bound, so AI drafting stays off until the court’s leave is recorded on the job. A second valuer reviews the recorded file, and release is a separate gated step that never emails.
Straight answers.
Does Valufield work out the unit entitlements?
No. The valuer values each lot and sets the schedule. The checker only reads the draft, for example that the entitlements add exactly to the aggregate.
Can AI draft a unit entitlement report?
Not at first. Unit entitlement is a court-bound type, so AI drafting stays off until the court’s leave is recorded on the job. Even then it is limited to descriptive sections.
Are the statutory references settled?
The templates are NSW-first drafts and a starting point. Open fields stay blocked by the checker until a valuer fills them, and checking the law you cite stays with your firm.
See it on a job like yours.
Tell us about your firm and we will show you Valufield on your kind of work, including what is released today and what is still in build. The form takes about a minute, and a person replies.
- We reply to arrange a time.
- We walk through the product on your kind of work.
- You decide, with no obligation.
Rather email? support@valufield.com.au