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.
Q: What is a latent defect? Can claims be made against the developer after the defects liability period (DLP)? In the context of a residential strata development, ‘latent’ (as opposed to ‘patent’) defects can manifest any time after the end of DLP.
Q: We recently formed a Management Corporation (MC).
Strata property owners should understand why they are contributing to the sinking fund in their buildings, and ensure that it is used in a proper manner.
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.
The number of filed cases at the Strata Management Tribunal (SMT) has increased over the years since the tribunal was formed in July 2015.
Assume you own an old car that you rely on to commute to work and to transport your family, but you only have a limited budget to spend on it.
PETALING JAYA: Location, timing and pricing are not the only factors you must consider when buying any property.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
