Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Strata act 757

views
     
A320T1T2
post Mar 23 2016, 02:07 PM

New Member
*
Newbie
3 posts

Joined: Mar 2016
Can anyone confirm if the developer needs to pay the maintenance and sinking fund for those unbuild phase?
A320T1T2
post Mar 25 2016, 01:19 PM

New Member
*
Newbie
3 posts

Joined: Mar 2016
QUOTE(aurora97 @ Mar 25 2016, 12:45 PM)
what is there to maintain, if the "phase" have yet to be built?

my other question is, assuming developer cancel the project, what will happen to the maintenance and sinking fund for those "unbuild phases"?
*
Sorry i didnt make my question clear. A developer already built 2 phases of landed strata parcel and VP as well. The 3rd phase is yet to be built. Thus the common area which is shared by the 3 phases. Maintenance and sinking fund are for the common area which is already built. So does the developer need to pay the maintenance charges for the phase not built? Doesnt make sense if only Ph 1 & 2 covering the maintenance cost for the common area is is suppose to be shared by the 3 phases. What does the law say?

 

Change to:
| Lo-Fi Version
0.0140sec    0.73    7 queries    GZIP Disabled
Time is now: 25th November 2025 - 10:50 AM