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

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idoblu
post Apr 5 2014, 01:37 PM

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QUOTE(ManutdGiggs @ Apr 5 2014, 01:17 PM)
I think the obvious answer is dun buy strata prop. Prob solved.
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Some individual titled properties also need to pay maintenance. They don't follow strata laws but sign a deed of mutual covenant or DMC

This post has been edited by idoblu: Apr 5 2014, 01:41 PM
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
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

 

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