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 BE CAREFUL: Landed Properties With Stata Title, You can face high maintenance fee later!

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ManutdGiggs
post Apr 6 2014, 08:47 AM

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QUOTE(idoblu @ Apr 5 2014, 01:37 PM)
Some individual titled properties also need to pay maintenance. They don't follow strata laws but sign a deed of mutual covenant or DMC
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Maybe u can study how t&t does it for sierramas. Perfect!!!
SUStikaram
post Apr 6 2014, 08:55 AM

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QUOTE(cherroy @ Apr 5 2014, 05:01 PM)
Landed property with strata title vs individual title has both advantage and disadvantage.

Individual title.
No obligation for maintenance fee.
But if want to have security to patrol, safeguard the housing area, then it depends on willingness of neighborhood to contribute to pay for the expenses for it.
If there is people don't want to pay for it, basically, no law can be enforced on them. So you may have awkward situation if some people do not want to cooperate.

But with strata title one, the unit owner is governed by strata title act, that unit owner is obliged to pay the maintenance fee under the strata title act, so action can be imposed on those refuse to pay maintenance as compared to individual title one.

With G&G and clubhouse facilities are features that most wanted by property owner nowadays, a maintenance fund is a must to keep the property in good shape, this is inevitable.
So in this case, strata title act provides the platform for it.
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The place that i stay is individual title. We dont have problem like wat u said. In fact it is one the best township in kajang.

Jade Hill

Pls do more research.
ManutdGiggs
post Apr 6 2014, 09:03 AM

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One needs to und fully on strata act n indi title props arrangement such as RA. In sierramas tbm did hav some prob collecting but tat was onli during the vely early stage. Since then til now no prob at all. All Ritchie's won't wanna lose face due to few hundred bucks.

Dunno about other human living projects. I'm toking bout all those for non human.

Strata act governing owners to pay for charges n governing PIC to run the job. Tats is y owners can b sued if not paying up, PIC can b sued if misused the funds, PIC can b voted out if not performing.

Anyone who is so in satisfied can volunteer themselves to run the party. Provided the person get enuf of votes.
cherroy
post Apr 6 2014, 10:19 AM

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QUOTE(tikaram @ Apr 6 2014, 08:55 AM)
The place that i stay is individual title. We dont have problem like wat u said. In fact it is one the best township in kajang.

Jade Hill

Pls do more research.
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Yes, if everyone cooperate, surely everything fine and pleasant, disregards whatever kind of property.

The discussion previously that being highlighted is that under individual title, there is no law bidding, all depended on cooperation between neighborhood.
Under strata properties, it is law bidding to pay maintenance fee.

See the word in the statement of "if". I never said which or any individual title property must be bad or must face problem.

Anyway,
any story/info regarding how well/bad/problem of MC/JMB or individual title property is always welcomed.

SUStikaram
post Apr 6 2014, 10:27 AM

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QUOTE(cherroy @ Apr 6 2014, 11:19 AM)
Yes, if everyone cooperate, surely everything fine and pleasant, disregards whatever kind of property.

The discussion previously that being highlighted is that under individual title, there is no law bidding, all depended on cooperation between neighborhood.
Under strata properties, it is law bidding to pay maintenance fee.

See the word in the statement of "if". I never said which or any individual title property must be bad or must face problem.

Anyway,
any story/info regarding how well/bad/problem of MC/JMB or individual title property is always welcomed.
*
No true... those not paying one also by the doc they have signed. Pls do more research.
cherroy
post Apr 6 2014, 10:33 AM

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The story of certain unit owner "gang up" to form JMB/MC to raise maintenance fee and to make profit from running the management is flaw.

An extra-ordinary high maintenance fee will only make potential buyer shy away from the property. With little buyer seeking for the property, the property price has hard time to appreciate, and existing owner may also move away from it as well, which eventually may "kill" their own property value only.

That's reason why only unit owner can vote in AGM/EGM of JMB/MC, but not residents, because if they care about their property value, they need to take care of the property interest including maintenance fee and management related.

cherroy
post Apr 6 2014, 10:35 AM

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QUOTE(tikaram @ Apr 6 2014, 10:27 AM)
No true... those not paying one also by the doc they have signed. Pls do more research.
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What kind of "doc"?

Not everyone knows everything, if known, please share, ty, instead just telling other to do more research.

This post has been edited by cherroy: Apr 6 2014, 10:36 AM
skywardsword
post Apr 6 2014, 10:55 AM

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QUOTE(Rabel @ Apr 5 2014, 10:27 PM)
Like that u should buy strata project. Unsold or speculators failed to get tenants oso need to pay maintenance fee.  biggrin.gif  biggrin.gif
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rclxms.gif rclxms.gif so true. Speculator pay for your 1man/20 acre development. Like you own the whole development.... live like King.

The Guards will Salute you each day you go in and out.

The Gardeners will offer your fresh flowers each day you go walk in the gardens.

The Maintenance guy will greet you like a boss each day you go watch movie in your Cinema.


Life is great when there are Strata title and speculators who failz.


skywardsword
post Apr 6 2014, 10:59 AM

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QUOTE(cherroy @ Apr 6 2014, 10:33 AM)
The story of certain unit owner "gang up" to form JMB/MC to raise maintenance fee and to make profit from running the management is flaw.

An extra-ordinary high maintenance fee will only make potential buyer shy away from the property. With little buyer seeking for the property, the property price has hard time to appreciate, and existing owner may also move away from it as well, which eventually may "kill" their own property value only.

That's reason why only unit owner can vote in AGM/EGM of JMB/MC, but not residents, because if they care about their property value, they need to take care of the property interest including maintenance fee and management related.
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The arguments are always flawed. But what is true though, always got people try to game the system.


Some people live to exploit others.

Be it - dont want to pay maintenance.

Or it- take money from maintenance but do Zero work and dont take responsibility.


Rabel
post Apr 6 2014, 11:45 AM

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QUOTE(tikaram @ Apr 6 2014, 10:27 AM)
No true... those not paying one also by the doc they have signed. Pls do more research.
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Should do more research abt the law instead of doc biggrin.gif biggrin.gif

This post has been edited by Rabel: Apr 6 2014, 11:49 AM

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