The group said wholly owned Mynews Retail Sdn Bhd entered into a three-year tenancy agreement with landlord Kumpulan Hamzah Kwong Hing Realty Sdn Bhd in 2014, with an option to renew for a further three consecutive terms of three years each.
"We wish to emphasise that Tan Sri Lim did not benefit in any way, whether personally or with regard to business," said a statement issued on his behalf.
The developer should not arbitrarily impose an exorbitant administrative fee and benefit itself for its own neglect in applying for the strata title.
The affected residents claimed alleged failure to establish a joint management body (JMB) within 12 months of delivery of vacant possession, the misuse of maintenance funds, as well as other misconduct in the management of the condominium.
There seems to be an ongoing attempt at circumventing the Federal Court decision to allow the authorities to again extend the deadline for delivery of vacant possession.
The man in the street thinks we now have a DIY SPA vide eSPA and there is no need for the services of lawyers in property purchases.
Better a neighbour nearby than a relative far away, says a proverb.
This is Part 2 of an article published here.
“When we buy a luxury car for RM800,000, we can get our bank facility within two or three days without a lawyer, but when we buy a house for RM300,000, we are required to have a battery of lawyers to complete the transaction which takes an average of three to six months.
Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate? Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.
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