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FAQ - Are you guys charging me correctly? How is my Levy Fees calculated ? If you are a Strata owner/ Apt owner/ Office lot owner/ Commercial Tenants, and you want to find out whether you are being billed correctly and paying the correct owners corporation levy fees, here is the answer. In this recording, we'll explain to you a statement that was attached in your Contract of Sale which is a copy from the Depart of Environment, Land, Water, and Planning stating your Lot Entitlement and Liability for the prescribed Owners Corporation. To ascertain approximately whether your Fees that you are paying are correct, here is the scientific formula: You need to identify your Lot Number, ascertain your Lot Entitlement and Liability, divide the unit of liability by the total Liability. = A percentage of ownership/ liability. Now apply that % to the total Budget and you'll get a a very close estimation of what you need to pay. For more information, visit www.centurionstrata.com.au Disclaimer: this is purely for educational purposes and is not intended as a Paid Advice. If you need property legal advice, consult with a Property Lawyer. If you need strata management advice, contact centurionstrata.com.au