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 Mix Development and Short Term Rental, daily rental

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nookie188
post Jun 19 2015, 10:06 AM

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QUOTE(cherroy @ Jun 19 2015, 09:51 AM)
STR has plenty of grey area start with, that's why it is problematic.

I don't think MC is allowed to set a by law that violate basic right of ownership.
How can MC set a by law rules that restrict owner who to rent, how the property being leased etc?

If a by law can be set like that, next time, MC also can convene an AGM, get all the signature then set a by law stated cannot rent to student, cannot rent for 1 month or 3 months, etc.
It doesn't make sense.

There no rule allowed in the Strata title act saying, if you getall the signature from all the owner, then you can apply such such kind of restriction.
The act only empower MC to set by law or house rules, but definitely not on restriction within individual unit how it is being used.

Until there is strata act that clearly stated STR is prohibited by stated the definition of STR, it is in grey area, which is difficult to tackle.
Previously there was case on STR, council only can fine the owner on the basic of running commercial activities in residential property, as there is no proper law or act to define STR and prohibit it, that's the major problem.

As such a restriction only can be imposed within local council, COB, or within the strata act itself.

MC only can govern on the issue on house rules on common property, access to the property, while within the unit itself, MC doesn't have juridication how the unit being leased.
Just like MC cannot enter the individual premise to restrict how the renovation (inside) being done, except the issue has caused nuisance or damage to common property.

Correct me if I am wrong.
*
Well, I do know that the MBPJ has a restriction on number of occupants in a property ..
I think in a condo, the JMC /MC can amend the DMC to regulate number of occupants allowed per sq foot or whatever
due to safety reasons and most importantly the impact on the fire insurance coverage for the building. As we know, when fire occurs in a crowded places or areas - it becomes potentially fatal .

As for the unit itself, its not entirely true the JMC or MC has no say - after all most condos do not allow pets inside the condo..

I stand corrected if my observations are flawed..smile.gif

This post has been edited by nookie188: Jun 19 2015, 10:07 AM
nookie188
post Jun 19 2015, 04:51 PM

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very interesting and informative debate going on here thumbup.gif thumbup.gif

the problem in this country is enforcement by the relevant authority - the rules, regulations, and guidelines
are in place but if there is no enforcement, it really means its as good as not having them..

having to go through the courts to get a remedy is costly and time consuming

I do know of actual high rise strata development that does not permit STR and its stated clearly in the HR but
again, enforcement is a little tricky.
nookie188
post Jun 19 2015, 04:56 PM

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QUOTE(cherroy @ Jun 19 2015, 04:51 PM)
The concern of STR is not about nuisance, but more about security issue, while longer term property value itself.

Security issue is one of top agenda of property purchaser nowadays.
It is difficult to have tight and good security with the property is full of STR.

An apartment with plenty of STR may drive away purchasers, hence poorer value for the property.
It also may result in more difficult for MC to manage, as well as may incur higher cost to maintenance as STR visitor may not take good care of the property, eg, throwing rubbish simply etc.
*
I agree totally ..security is a huge issue..who wants to leave in a condo where you have practically different people
walking in and out all the time..first v know STR will not take care of the place ..secondly it really does impact on the value ..we all know that owner occupied condos fetch better value as the building is also better maintained.

 

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