QUOTE(twins9 @ Jan 12 2012, 04:51 PM)
LOL....so, g&g with individual titles must be converted back to master title? What if the master title holder runs away without issuing the strata titles? What do the buyers do?
This is nothing new. If Master title owner went missing, residents can then form committee and seek clearance from Land Office to take over. As long as it is proven that the current owner were not contactable for x years (x is 6 if not mistaken) and "someone" clear outstanding quit rent (maybe rate can be negotiated - happens in the old flat in Salak Selatan... my uncle owned 2 units there... they managed to squeeze 2 process at the same time: take ownership of Master title and convert to Strata). The procedure may take years but will settle eventually. ... Nonetheless, even if master title owner went missing, it does not affect resident as long as everyone pay their due to maintain their home and common area (best if resident themselves can take over the management of their premises)
This post has been edited by vevex: Jan 12 2012, 06:27 PM
Jan 12 2012, 06:23 PM

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