If the RTA is to be made law, top of its objectives must be to protect the legitimate interest of landlords against errant tenants and protect tenants against irresponsible landlords.
The government should consider wholesome waiver or at the least offer 50% rebate on Personal and Corporate Income Tax for the next two years rather than to grant stamp duty waivers to entice buyers of high-end overhang unsold residential property.
On July 2, 2020, the Subang Jaya Magistrate’s (Municipal) Court convicted and fined a defendant (defaulting strata owner) who failed to comply with an award of the SMT ordering payment of outstanding charges and contribution to sinking fund within 30 days from the date of award. The presiding Magistrate, Barath Manian imposed a fine of RM5,500 on the defendant or in default one (1) month imprisonment. The prosecuting officer was Emyshimy Rizal Nasaruddin.
Property owners are often confused with the various types of resolutions. It is important to appreciate that, pursuant to the SMA, there are four types of resolutions namely Ordinary Resolution, Special Resolution, Comprehensive Resolution and Unanimous Resolution.
The House Buyers’ Association (HBA) is steadfast and unwavering in our views that there should be variable rates for mixed development schemes. Mixed developments involve issues extending beyond the mere use of parcels and the factors enumerated in the formula contained in the First Schedule of the Strata Management Act, 2013 (SMA).
It was reported that EPF has approved withdrawals totalling RM1.66 billion by 3.5 million contributors under the i-Lestari initiative launched last month. However, is RM500 per month enough to help them pay for their shelter or even feed their families? Will such pittance be sufficient to resuscitate their failing businesses?
“A late Covid-19 Act is redundant in nature. You cannot legislate back to life a business that has already closed down due to the failure of owners to sustain their business and pay rent during the MCO.”