Property management: Ask the experts — Expenses and renovations

Q: Does a unit holder (a resident of a condominium) have the right to view the accounts and the invoices of expenses incurred for the property anytime or can the unit holder only see the audited accounts during the AGM? Paragraph 7(6)(b) Second Schedule of the Strata Management Act 2013 states that a purchaser/proprietor may make a request to the Management Committee to inspect the books of accounts at a fee not exceeding RM50 for each inspection.

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Property Management: Ask the experts — Management corporations

  Q: Management Corporation or Joint Management Body to set up a company to manage finances? Who is ultimately responsible for the funds? Under the Strata Management Act 2013 (SMA), the Management Corporation’s (MC) and the Joint Management Body’s (JMB) ultimate function is to properly maintain and manage the subdivided building or land, and the common property.

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Malaysia property management good, but...

While Dr Lim Lan Yuan, president of the Association of Property and Facility Managers Singapore considers Malaysia’s overall quality of property management to be good, there are two areas that he finds lacking.

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