fbpx

Strata unit owners? We get to pay compoundable offences faster!

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

This should be a good news to strata owners, the good ones. For the bad ones; the ones who does not bother to pay their maintenance fees on time, beware… For the developers who still have unsold units but does NOT bother to pay their contributions on time, beware… Now, there’s no need for a lengthy process via the courts. Today, it’s extremely efficient and the offences could be compounded by the Commissioner of Buildings (COB) under the Strata Management Act 2013 (Act 757) or its subsidiaries.

By the way, without sufficient maintenance fees, the maintenance of facilities will suffer and in the end, the property prices for that particular development will fall and this will affect all owners, including the good ones who pay on time. Without regular maintenance, the replacement cost will be extremely high. We need to ENSURE everyone pays on time so that everyone benefits, not just those who pay on time.

Article in themalaysianreserve.com The Housing and Local Government Ministry (KPKT) Deputy Minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad said that the regulation to empower the Commissioner of Buildings (COB) to compound offences under the Strata Management Act 2013 (Act 757) began on May 2019.

The offences that are compoundable under Act 757 include developers’ failure to pay charges and contributions to unsold units; joint management bodies’ (JMBs) failure to dissolve the body and hand over to management corps (MCs); and parcel holders’ failure to comply with the notice demanding payment of the amount due within 14 days of the notice date.

Meanwhile, the offences compoundable under the Strata Management (Maintenance and Management) Regulations 2015 include JMBs/MCs/sub-MCs’ failure to provide proof of amount of money paid, failure to have the first general meeting, and management agents’ failure to submit bonds to COB.

However, seven offences which are not compoundable include offence of collecting any charges or contributions before opening the account; failure to comply with the award decided by the tribunal; and obstruct, host, detain, delay the COB or any authorised officer in his/her duty. All the compounds are to be paid to the state government. Do refer to the full article here. Article in themalaysianreserve.com

I hope the COBs are effective and efficient. Any new Act will only work with fast and quick action. Else, very soon this will be forgotten and we will be back to the same as when the COBs do not have any authority to compound offences. Do share this news with all potential buyers, especially those buying for investment and thinking that they do not need to pay the maintenance fees until the day they sell the property. At that time, they just use their profit to cover for the unpaid maintenance fees. Happy complying yeah.

Please LIKE kopiandproperty.com FB page or Sign Up for free to get daily updates about the property market. Else, follow me on Twitter here.

Next suggested article:  Free maintenance charges may not be that free after all

Image from shutterstock by Tashatuvango

We love to hear from you (Leave reply)

LIKE us for property news update, FREE.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You may enjoy these articles too.

kopiandproperty.com

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Leave a Replay

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,232 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more