Popular Property Management Terms You Need to Know in Malaysia A Glossary of Strata property Management Terms If you’re a strata property owner or a property manager, building a deep understanding of property management terms is the key to going from novice to pro. To help you get started and provide you with a solid …
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The Malaysian Valuation Standard 2019 (MVS Standard 7) explained about property valuation approaches and methods. The approaches to valuation used by a Valuer in any valuation are the means by which the Valuer arrives at an opinion of value after having ascertained and weighed all relevant facts (physical, legal, economic and others) pertaining to the …
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The rise in property prices may be inevitable in tandem with the volatility of raw building materials price, although some developers may opt to keep it down, for now. Inflationary pressure of upward cost also comes from the labour cost which is getting higher over the period. Asiacap, Kit Au Yong. Firdaus & Associates Property …
The Strata Management (Maintenance and Management) Regulations 2015 (“SMR”) recognizes the problems associated with inter floor leakage and provides for it systematically by laying out specific obligations, procedures and timelines for the relevant parties. Here are the most popular frequently asked questions. Inter-Floor Leakage FAQ In conclusion, leakage between floors aren’t just a problem for …
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Strata Management Tribunal or Tribunal Pengurusan Strata is under Ministry of Urban Wellbeing, Housing and Local Government or Kementerian Perumahan dan Kerajaaan Tempatan, Malaysia. The Strata Management Tribunal (SMT) is the legally recognized body that handles any disputes related to strata management. Its jurisdiction was established under Section 107 of the Strata Management Act 2013 …
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Conducting Business Valuation Exercise during Unprecedented Pandemic Times a Wise Move The current unprecedented pandemic will surely have an effect as to how companies perform and this will affect the value of companies. Businesses are very dynamic entities. The market environment has great bearing towards profit-oriented organizations. The current unprecedented pandemic will surely have an …
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When to establish JMB? Establishment of JMB is not later than 12 months from the date of vacant possession. Purchaser request early formation of JMB. It is a norm to establish the JMB on the 10th month from the 1st Vacant Possession though the SMA allows for maximum of 12 months. Earlier date may not …
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Question. Owners of strata unit have large outstanding fees and debt of unpaid maintenance charges, sinking fund and other arrears payments. Answer. Recovery proceeding should start early and not allow outstanding debt to accumulate to several months. This compilations of Arrears and Outstanding Fees FAQ was according to survey carried out by REHDA Institute. More …
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Question. Timeframe of handover from developer to JMB should take into consideration the actual practical operations. For Example, issuance of JMB MC certificate from authorities, opening of bank accounts, selection & appointment of property manager. Therefore, 1 month is not sufficient. Answer. It is a good practice that Developer to start preparation for handover 8 …
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Question. It is unfair and unreasonable for developers to pay deposit for defects in the common property in addition to stakeholder sum held by solicitor which already cover the cost of repairing defects to the building & common areas. Answer. The retention sum held by the lawyer is in respect of defects within the parcel …
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Question. What By-laws for parcel owners causing vandalism, bringing 2-wheel vehicles in the lift and obstructing the pathway of utility meter reading. Answer. Under Paragraph 20 in the Third Schedule (By-law) of SMR, the Management Body may without prior notice, remove or confiscate any property of a proprietor obstructed the common property. This compilations of …
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Question. Calling for AGM is impossible. Strata units for low cost are usually rented out. Tenants refuse to cooperate and inform the owners. Answer. Please check the register of parcel owners or strata roll, which containing the particulars of all parcel owners in the development area including the details of solicitor acting for the SPA …
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Petaling Jaya City Council (MBPJ) issued the compounds to the individuals when the JMB failed to submit financial documents and audit reports.
Local authority in Malaysia to pursue legal action using the Strata Management Act 2013 against maintenance fee defaulters.
The calculation for late delivery payment to house buyers begins from the date the booking fee is paid, and not when the sale and purchase agreement (SPA) is signed.
人口增长、城市地段寸土尺金，让越来越多产业发展商选择建造分层产业，尤其是公寓。
随之而来的，就是分层产业在管理方面的各种问题。
为了尽力规范分层管理问题的解决方法，2013年分层管理法令在2015年6月正式生效，显示政府对这类问题的重视。
有一种糟糕的情况——业主完全没有能力组织一个共管委员会，必须被当地县市议会的建筑专员委员会（COB）委任管理公司取代，限时一年或至组成共管委员会为止。因此，我们不难看见一些管理公司经常在相关部门打转，让人认识他们，成为合作伙伴等，毕竟公寓管理也是一门生意。
答：购屋者协会中文组主任陈钟灵说，公寓业主未有分层地契期间，由联合管理机构（JMB）负责管理公寓的清洁与维修事务，一旦有了分层地契，业主将成立公寓管理委员会（MC），接手公寓的管理事务。
与联合管理机构一样，公寓管理委员会每年也需要召开业主大会（AGM），针对过去一年的管理、财政开支进行讨论，包括探讨如何改善公寓的管理水平。
