what is the "payment term" for maintenance charge mentioned in SMA?
Strata act 757
Strata act 757
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Mar 13 2019, 09:14 AM
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what is the "payment term" for maintenance charge mentioned in SMA?
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Mar 14 2019, 12:23 PM
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QUOTE(ulala2 @ Mar 14 2019, 12:20 PM) Section 12(5) of SMA 2013, The purchaser shall, within fourteen days of receiving a notice from the developer, pay the Charges, and contribution to the sinking fund, to the developer and if any sum remains unpaid by the purchaser in respect of his parcel at the expiry of the period of fourteen days, the developer may recover the sum in the manner set out in Section 34. [I]The purchaser shall, within fourteen days of receiving a notice from the developer, pay the Charges, and contribution to the sinking fund, to the developer and if any sum remains unpaid by the purchaser in respect of his parcel at the expiry of the period of fourteen days, the developer may recover the sum in the manner set out in Section 34.[I/]Section 12(6) of SMA 2013, if any sum remains unpaid by the purchaser in respect of his parcel at the expiry of the period of fourteen days specified in subsection (5), the purchaser shall pay interest at the rate of ten per cent per annum on a daily basis. Section 34(1), developer / JMB served notice demanding payment to purchaser. Section 34(2), if remain unpaid, developer / JMB file a summons or claim in a court of competent jurisdiction or Tribunal to recover the sum or recover under Section 35. Section 34(3), if failed to comply with the notice, be liable to a fine not exceeding RM5,000.00 or imprisonment not exceeding 3 years or both What is this "notice" mean? Do you mean the payment term for bill of maintenance charge is 14 days? eg. bill of maintenance charge dated 1 Mar, if remain unpaid on 15 Mar, then can charge interest? This post has been edited by ray_mond_toh: Mar 14 2019, 12:27 PM |
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Mar 15 2019, 09:35 AM
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Apr 12 2019, 03:07 PM
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