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

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cherroy
post Apr 5 2014, 03:46 PM

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QUOTE(UnderTheSun @ Apr 5 2014, 01:10 PM)
Yeah. Club facilities should be optional and not included in the maintenance fee.

Your method of calculation is based on assumption. Hence, subject to argument. But everyone has his own opinion.

The purpose of this thread is to caution potential buyers on landed properties that come with strata title. No harm for potential buyers to consider. Unless a person is from the related company or is a sales agent or has vested interest in the sale of such properties, he or she shall not feel threatened.  whistling.gif
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If optional, I can bet not many people want to pay for the club house.

No money to maintain the clubhouse, clubhouse facilities surely deteoriating fast, swimming pool no maintain, fungus grows etc.

So, the argument for club facilities should be made optional doesn't make sense.
The logic of the argument is flaw to start with.


Rabel
post Apr 5 2014, 03:52 PM

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QUOTE(cherroy @ Apr 5 2014, 03:46 PM)
If optional, I can bet not many people want to pay for the club house.

No money to maintain the clubhouse, clubhouse facilities surely deteoriating fast, swimming pool no maintain, fungus grows etc.

So, the argument for club facilities should be made optional doesn't make sense.
The logic of the argument is flaw to start with.
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The optional of club house only suitable for GnG with individual title.
cherroy
post Apr 5 2014, 04:01 PM

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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.
Rabel
post Apr 5 2014, 04:03 PM

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QUOTE(cherroy @ Apr 5 2014, 04:01 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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Plus 1
cherroy
post Apr 5 2014, 04:06 PM

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QUOTE(Rabel @ Apr 5 2014, 03:52 PM)
The optional of club house only suitable for GnG with individual title.
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G&G with individual title can be very difficult to manage.
As we know, not everyone may cooperate to contribute to the maintenance fund.

Even in this topic, there is forumer question the rate of maintenance fee based on size of unit.
(although it looks reasonable and logic for most, some also question about it), see whatever kind of people also have in this world. smile.gif

You can't make optional for any fee for any facilities,
If want to have clubhouse, then everyone must contribute.
or no clubhouse at all.

Only yes or no, cannot be optional, it doesn't work.
Rabel
post Apr 5 2014, 04:11 PM

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QUOTE(cherroy @ Apr 5 2014, 04:06 PM)
G&G with individual title can be very difficult to manage.
As we know, not everyone may cooperate to contribute to the maintenance fund.

Even in this topic, there is forumer question the rate of maintenance fee based on size of unit.
(although it looks reasonable and logic for most, some also question about it), see whatever kind of people also have in this world.  smile.gif

You can't make optional for any fee for any facilities,
If want to have clubhouse, then everyone must contribute.
or no clubhouse at all.

Only yes or no, cannot be optional, it doesn't work.
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Agreed.
cherroy
post Apr 5 2014, 04:18 PM

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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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It may not useful at all, when there is dispute of it.

QUOTE(Rabel @ Apr 5 2014, 03:35 PM)
If signed the DMC but still dun want to pay. How ??
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The article explained well the awkward situation that may faced by individual title on settting G&G community using DMC.
http://www.malaysianbar.org.my/conveyancin...ies_part_2.html

QUOTE
The problem with this was that many of these agreements, often referred to as Deeds of Mutual Covenants (DMC), were not enforceable against sub-purchasers once the separate issue documents of title were issued unless the developers were very careful in ensuring that the DMC was made to “run with the land”. The general view is that the DMC is merely a contract between the developer and the purchaser, and cannot be binding on and enforced against a sub-purchaser, unless he consented to it.

The consent of a sub-purchaser can easily be done in a case where the developer’s consent is required for the sub-sale. However, once a separate individual title is issued and transferred to the first purchaser, the developer’s consent will no longer be required and it is common for some purchasers in GACOS scheme to sell their property to sub-purchasers without getting the sub-purchasers to agree to sign a DMC with the developer or the person managing the GACOS scheme. Although the first purchaser shall contractually remain responsible to the developer if the sub-purchaser did not pay, for example, his security charges, this will be of little use in a case where the first purchaser has long gone, and the sub-purchaser is occupying the property.

Rabel
post Apr 5 2014, 04:33 PM

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QUOTE(cherroy @ Apr 5 2014, 04:18 PM)
It may not useful at all, when there is dispute of it.
The article explained well the awkward situation that may faced by individual title on settting G&G community using DMC.
http://www.malaysianbar.org.my/conveyancin...ies_part_2.html
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Plus1. At least some ppl here get understand the proper GnG should be strata title .
idoblu
post Apr 5 2014, 04:54 PM

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QUOTE(cherroy @ Apr 5 2014, 04:18 PM)
It may not useful at all, when there is dispute of it.
The article explained well the awkward situation that may faced by individual title on settting G&G community using DMC.
http://www.malaysianbar.org.my/conveyancin...ies_part_2.html
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yeah I also thought about how they will enforce subsale purchaser to sign a new DMC. I did asked my friend when he bought two subsale units, and he said he had to sign DMC. I am sure he can refuse to sign.

our place here is individual title with club house facilities. I dont use any of the facilities but I still pay. those who refuse to pay, please dont buy these type of properties and trouble the rest of the community. I heard that only a few G&G props in Malaysia is with individual title. Previously G&G laws not fully developed yet I suppose

Anyway, either DMC or Strata laws, both also Malaysians refuse to abide by. Malaysians are still not use to living in a community.

This post has been edited by idoblu: Apr 5 2014, 05:00 PM
Wiredx
post Apr 5 2014, 05:08 PM

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What we have here is a mindset issue. You buy knowing what you get and are responsible for as an owner. But if you buy knowing all that but still insist on challenging the responsibility, perhaps its better to seek a property elsewhere.
Rabel
post Apr 5 2014, 05:13 PM

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Useless, not so many ppl will follow.
Tis is fact.
cherroy
post Apr 5 2014, 05:18 PM

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QUOTE(Wiredx @ Apr 5 2014, 05:08 PM)
What we have here is a mindset issue. You buy knowing what you get and are responsible for as an owner. But if you buy knowing all that but still insist on challenging the responsibility, perhaps its better to seek a property elsewhere.
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A lot of owner doesn't realise that by refusing to pay the maintenance fee, one is actually "destroying" the value of property one owned over the long term.

Who want to buy million plus G&G landed property with clubhouse swimming pool growing fungus, no security (no money to pay, hence security also "cabut"), grass growing common area etc.

Living in a strata property (be it G&G landed or highrise), you need to treat it as living in a community instead selfish way.
Everyone must cooperate not only in term of paying maintenance fee, but also in term of follow the house rules made, by then with cooperation of abide to house rules, only then can make the property into a pleasant one living space with good security.
cherroy
post Apr 5 2014, 05:27 PM

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QUOTE(Rabel @ Apr 5 2014, 05:13 PM)
Useless, not so many ppl will follow.
Tis is fact.
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It depends, there are fairly well run MC around as far as I knew, while there are also plenty poorly run as well.

I personally knew 2 properties (mid-to high end one) with high collection rate >90~95%, management fee surplus + sinking fund rack up million plus with property fairly well maintained across.

The issue of maintenance fee is more severe with low cost highrise.
So we need a stricter rule to ensure maintenance fee is paid on time.
At the moment, the strata title act is not strict enough to punish defaulter of maintenance fee hence people take for granted.

As to change the mindset, almost near impossible, hence the only way to improve situation is through stricter strata act, empower MC or COB to enforce the rules.


idoblu
post Apr 5 2014, 05:29 PM

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QUOTE(cherroy @ Apr 5 2014, 05:18 PM)
A lot of owner doesn't realise that by refusing to pay the maintenance fee, one is actually "destroying" the value of property one owned over the long term.

Who want to buy million plus G&G landed property with clubhouse swimming pool growing fungus, no security (no money to pay, hence security also "cabut"), grass growing common area etc.

Living in a strata property (be it G&G landed or highrise), you need to treat it as living in a community instead selfish way.
Everyone must cooperate not only in term of paying maintenance fee, but also in term of follow the house rules made, by then with cooperation of abide to house rules, only then can make the property into a pleasant one living space with good security.
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well said thumbup.gif
want to be my neighbor?

and its not only about paying the maintenance fee, simple everyday things like dont hang your clothes out or dont litter also difficult to follow sad.gif

thats why those high class new york apartments, even if you are a celebrity also have to go through a vetting process by a panel of the residents

This post has been edited by idoblu: Apr 5 2014, 05:36 PM
Rabel
post Apr 5 2014, 05:31 PM

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QUOTE(cherroy @ Apr 5 2014, 05:18 PM)
A lot of owner doesn't realise that by refusing to pay the maintenance fee, one is actually "destroying" the value of property one owned over the long term.

Who want to buy million plus G&G landed property with clubhouse swimming pool growing fungus, no security (no money to pay, hence security also "cabut"), grass growing common area etc.

Living in a strata property (be it G&G landed or highrise), you need to treat it as living in a community instead selfish way.
Everyone must cooperate not only in term of paying maintenance fee, but also in term of follow the house rules made, by then with cooperation of abide to house rules, only then can make the property into a pleasant one living space with good security.
*
Wat to do??? Human being mah. If u dun mind the maintenance fee then buy strata title lor.
Ppl can drive BMW oso refuse pay 150/ mth. Their mindset is like that. Apa boleh buat?? Kanasai lor
Rabel
post Apr 5 2014, 05:35 PM

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QUOTE(cherroy @ Apr 5 2014, 05:27 PM)
It depends, there are fairly well run MC around as far as I knew, while there are also plenty poorly run as well.

I personally knew 2 properties (mid-to high end one) with high collection rate >90~95%, management fee surplus + sinking fund rack up million plus with property fairly well maintained across.

The issue of maintenance fee is more severe with low cost highrise.
So we need a stricter rule to ensure maintenance fee is paid on time.
At the moment, the strata title act is not strict enough to punish defaulter of maintenance fee hence people take for granted.

As to change the mindset, almost near impossible, hence the only way to improve situation is through stricter strata act, empower MC or COB to enforce the rules.
*
90 % to 95% collection. If under individual title. Very very very good
skcJVN
post Apr 5 2014, 05:36 PM

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Why talking too much ? He open this thread JUST to shoot Ecoworld n The ecobotanic project. Most of the points are funny !
Rabel
post Apr 5 2014, 05:41 PM

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QUOTE(skcJVN @ Apr 5 2014, 05:36 PM)
Why talking too much ? He open this thread JUST to shoot Ecoworld n The ecobotanic project. Most of the points are funny !
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Izzit?? Din read whole posts.
skywardsword
post Apr 5 2014, 06:02 PM

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If i am not wrong.... I know of some people who bought houses in the land of the FREE. *USA. Also have to pay to maintain their grass in the front lawn... if not overgrown... you can get evicted and house sold.

Then again, the issue should be about proper accounting and management of the funds collected.

Strata or individual... that is just the difference between legal obligation, and skirting the community responsibility.

Plus- cannot simply change facade and change the way a neat row of house look.

BTW- when TS says HH is good... there are also people who feel that staying close to golf course that uses herbicides to kill weeds... very odd yoh. Good luck TS drinking coffee in your compound.


Also, TS, can you also post the pricing for house in EB and HH for comparing sake.




Personally, I would prefer gated community without guards. If want guards, employ Gurkah or Android machines.

Additional facilities- that should be known from the start. If dont want such facilities, then dont buy. Feedback to developers that consumers only want to buy houses without facilities.

Anyway, making use of the facilities should be good healthy lifestyle... why reject so much.


Additional thoughts: BTW those people so rich buy the property. HH or EB/EW... those not your common fellows. I am sure they will challenge the management kau kau if they detect anything mischievious. The wolf among the wolves.

This post has been edited by skywardsword: Apr 5 2014, 06:23 PM
TSUnderTheSun
post Apr 5 2014, 07:52 PM

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Good discussion here.

To those who plan to buy a property with strata title (whether condo or landed strata), think twice if you feel you cannot cope with maintenance fee that will increase from time to time. Otherwise, you see people bashing at you for not being able to pay the maintenance fee, like some of them here.

That is my point. Becareful in chosing property with strata. Read Strata Title Act first! The developer can sue you in court. You can be fined or even jailed. On top of that, they can sell your car or tv or fridge or other moveable properties to recover the outstanding payment.

Remember. Maintenance are due monthly even after you finished paying the loan. And even when you are dying. There is no waiver under Strata Title Act.

This maintenance fee is not set by you. It is set by the Joint Management Committee in which the developer is a member. You may say the amount is high, but they may say the amount is reasonable. In the end, you have to listen to them and pay the amount. So, before you buy, think carefully. Like some people here say, if you think you cannot cope with it, choose a property with an individual title.

Best of luck in finding your home sweet home!

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