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 Condo for daily tenent..homestay..legal or illigal, Condo for investment

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re_freako
post Aug 16 2012, 06:45 AM

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QUOTE(dariofoo @ May 25 2012, 11:03 PM)
Evidence such as:
1. The issuance of receipts with the landlord/proprietor being represented by a commercial entity in name, or even a name of a motel; or
2. Advertising and notices with the landlord/proprietor being represented by a commercial entity in name.

If there is black and white evidence of the above, then a complaint to the Local Authority (LA) can be justified. The LA can take action and fine the individual/company concerned for breach of municipal laws, eg for trading without a proper license, trading without proper signage/signboard. The Inland Revenue Board can also take action if they find out that the entity has not been declaring their profits for the purposes of taxation (as we can assume that the rental is paid by way of cash). In all such cases, the proprietor would be fined and warned.

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Great info, what if the residence community went to sign in n book the landlord house every week. Keep all the transaction record and sue or report the owner to LA of doing trading without proper license and signage? I believe the landlord will end up lose more than earn. So I guess will this be the easiest and cheapest way to make landlord who do these business In trouble? If the landlord financially is tight, he might increase the number of bankruptcy in Malaysia by 1 unit tongue.gif

This post has been edited by re_freako: Aug 16 2012, 06:59 AM
re_freako
post Aug 16 2012, 07:29 AM

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QUOTE(Backkom @ Aug 16 2012, 08:08 AM)
Hehe that's what my management office told me that they're planning to do  thumbup.gif
In fact one of our resident had meeting with COB, the COB officers said they themselves will call and book  rclxms.gif
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Actually doesn't worth the risk to earn that tiny bit of money and risk thousands to defend himself and believing to reap profit by bending the law on the hairline flaws in the preset act.

In one year, owner who lease out daily as hotel is having 365 days of risk to loose thousands in order to make less than RM200, before less house keeping and utility bill.

Who win? Reader can judge.

Worse still if the community residence continue reporting the act of daily hotel activity with long list of petition from residence community.

residence community vs solo investor. Outcome?



 

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