Significance of share units in strata development

The importance of share units is based on the concept that the more share units you have, the more you pay, the more voting rights you have and the more representatives you may nominate to be elected as committee members.

Much has been said recently about rates of charges for strata properties. In relation to that, share units of such properties have featured prominently.

This article (part 1) seeks to trace the history and to demystify the concept of share units and how it applies to the management of strata properties.