Your property share percentage amount is determined by the Contribution Schedule of your complex's Community Management Scheme (or Community Titles Scheme).
Property share percentages (or lot entitlements) are set by the original owner (the developer) when a Community Titles Scheme is established.
The percentage share may also be called the 'lot entitlement' for the unit.
If you are unsure what your property share percentage is, please discuss this with your Body Corporate representative.
What will my bill look like under this option?
If you change to Property Share Percentage billing, your property share percentage will show on the back page of your Unitywater bill, under the 'Water Meter Details' section. Please see example below.
Meter ID: this is the serial number of the master water meter servicing your building complex
Usage (kL): is the total water usage for the entire complex, as measured by the main water meter that connects the entire complex to the water network.
Property share %: this is the percentage amount of the total water usage that is charged to your property (in this example, it's 30%). This percentage is defined by the Contribution Schedule in the Community Management Scheme of your complex.
Total usage (kL): this is the amount of water that is charged to your unit; it equals the 'Usage' column multiplied by your property share percentage (in this example, 28kL x 30% = 8.4kL).