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Residential vs Commercial Title, Everything about it
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kabyss87
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Mar 28 2016, 12:12 PM
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QUOTE(OldKidz @ May 11 2015, 04:28 PM) Have anyone get answer for above question? Would be good if can share it out... I once remember a LYN forumer did mentioned that as long as the project is under HDA Schedule H, it is confirmed that residential rate will apply despite the commercial title. However, he did not specify what are the reason so. The Schedule H does not provide much clue that support his statement thou. A Gray area perhaps? Come and share your thought on this interesting topic
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kabyss87
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Apr 11 2016, 08:40 AM
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Spoken with a Property Sales Team Leader for Kepong 5/ Kepong Square..
She mentioned that as long as the high rise are under HDA protection, utilities rate will be under residential automatically despite the commercial title.
She suggest that i check with TNB and Syabas to confirm her statement which she confidently vouch that it is true.
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kabyss87
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Apr 11 2016, 10:03 AM
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QUOTE(jinsailoo @ Apr 11 2016, 09:53 AM) if i remember correct, The utility bill can convert to residence, but all residence have to sign a letter to apply for that, content like verify that the unit is for residence use. then TNB and syabas will convert to residence rate. Which means the residences can only do it after the JMB has formed? I'm not too sure about whether the developer is responsible for the conversion. But if they did not take action, it will be up to the residence to take it upon themselves then
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kabyss87
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Apr 11 2016, 10:19 AM
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QUOTE(jinsailoo @ Apr 11 2016, 10:12 AM) mine developer do it for us, when all owner sign SPA sign together Great! And how do you and the rest of the home owners go about with this? it is some form of petition letter to get all owners to sign to get the dev to do the conversion? Please enlighten us on the process
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kabyss87
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Apr 11 2016, 03:06 PM
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QUOTE(jinsailoo @ Apr 11 2016, 02:55 PM) you need ALL residence to sign together and summit to TNB, if your house is current charge commercial rate, then you might need to done it on AGM I assume the same process goes for syabas too. How about the local authority for quit rent and assessment? If i'm not mistaken, they too have both commercial and residential rate.
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