Calculating rates of charges and share units (part 2)

Now that we have examined how share units were allocated in last week’s article dated Feb 15, 2025, we will now look at how share units correlate with the payment of charges.

Pursuant to Section 36 of the Strata Titles Act 1985, share units determine both the voting rights of proprietors and the proportion of contributions payable by each proprietor as levied by the Management Corporation.