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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.


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.
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.
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.

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.


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.

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

 

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