Aug 13 2015, 09:38 PM
QUOTE(corleone74 @ Aug 13 2015, 06:32 PM)
So with the new SMA, how will the process above be affected? I read that the strata titles now have to be ready (ie parcels subdivided) during the CF itself, ie before VP? Is this confirmed? If this is the case, will there no longer be a need for the formation of the JMB?
Yes, newer properties under newer strata title act aka act 757, need to have strata title in place when VP time. This is according to the act, but in reality, whether all able to compliance or not is another story.
JMB will go into history with the newer act with newer property.
But there will be still many old property with JMB status around, as there are many properties even after 10 years completed still do not have a strata title which is not rare out there.
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