I think it’s good to remind everyone again that living in strata developments comes with responsibility to pay the maintenance fees. It’s not just condominium or apartments yeah. As long as it is a strata development… Stop telling everyone that since we are not using the facilities, we do not need to pay or that we will only pay it once we have sold the unit. If that’s the thought, please do NOT buy a strata development.
If we do not pay the maintenance fees on time, it is possible for the Management Corporation (MC) or the Joint Management Body (JMB) to lodge a complaint with the Commissioner of Buildings (COB) and they will have to power to raid your home and sell the movable items in the unit and this is carried out under Section 34(2) and 35, Strata Management Act 2013 (Act 757) following the owners’ failure to pay maintenance fees.
Before everyone thinks it’s just money, well, one could be jailed too! Article in asklegal.my here. In the article, it was pointed out that maintenance fees are a requirement by law listed in The Strata Management Act 2013, compelling developers opting for strata titles to set up a Management Corporation to manage the common areas and facilities of a property (as legally the common areas are owned by the Development Company). The Management Corporation is meant to elect owners of the property to form a Joint Management Committee who will then manage the property on behalf of its residents.
For all owners, regardless of whether they are renting out their units or not staying, the payment of maintenance fees and contribution to Sinking Funds is mandatory. If they pay late, they could be charged interest and they also face heavy fines and even JAIL TIME by the government. This is why it’s so important to ask about the amount of maintenance fees before we buy any development. Article in asklegal.my here.
A few months ago, I was very interested with a large-sized condominium which had the pay 20% now and pay nothing for the next 5 years. It was a completed unit and I could move in easily and not having to worry about any rental for the next 5 years. However, I later learnt that the maintenance fees alone would already amount to over RM900 per month! Haha. Of course I did not proceed. For all buyers, do note that the maintenance fees could easily be 40 sen per sq ft which meant that a 1,000 sq ft unit may incur a maintenance fee of RM400 per month. Well, if we do not want to be fined or even potentially be jailed, remember to pay the maintenance fees or skip strata developments yeah. Happy understanding.
<Featured Image is courtesy of Stock Photos from kenary820>
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