Now the SMA make recovery quite simple.

Step 1:-
- Assuming you give 30 days’ credit term.
- invoice date + 30 days.

Step 2:-
- 31st day, amount is considered DUE.
- service notice demanding payment.
- notice + 14 days.

Step 3:-
- file recovery claim with tribunal. (note recommended- court [first route too expensive] and section 79 [second route, unless the due is more than RM 100K, this route is very risky because you are about to foreclose a person’s property]).
- let the tribunal get its hand dirty.
- owner “without reasonable excuse” for not pay, commit an offence, liable to either fine of 5K or imprisonment not exceeding 3 years or both and RM 50K every day during the offence continues after conviction. (example: after being fined RM 1,000, the owner still refuse to pay the maintenance fee, he will be fined by court for every day he is in default).

I forgot to mention that it looks good on paper only. Not quite sure how it will work out in practice.

Management account in deficit. The expenses outstrip the income. Very few ppl realize jmb also can be bankrupted also.