QUOTE(Supergoola @ Jan 9 2016, 02:47 PM)
Thank you for your reply.. Really apreciated it,i understood what you said fully and currently get who is our appointed cob and will contact him soon.
The update is,
They send us a rep from developer side and now they are planning for the agm and the election of the body in febuary.
Now the following issue arises,
1. There are a huge ammount of outstanding maintenance fee, which is accumulated through out the years of service.
2. There are huge ammount of outstanding billing from TNB, SYABAS and cleaning agency.(due to the no 1 above)
for the two question above, will the the burden of settling the debt will fall under JMB, or developer will have to settle everything before handing over JMB or later MC?
...........
Comprising of 1 block of office tower, 2 block of residential (from level 6 tol 17) and retail lot at the ground to 3 level,
Will the JMB for residential include :-
A) residential only
B) residential and comercial
C) reidential, comercial and office
Becaue the rep told us that the JMB will comprises of residential and commercial,
The reason is, there are about 30 unit of commercial lot but none is occupied. Which will become a heavy burden for us.
........
If you have any MA which is good and affordale . Can pm me details.
Thank you for your tips and advice....
Now the following issue arises,
1. There are a huge ammount of outstanding maintenance fee, which is accumulated through out the years of service.
2. There are huge ammount of outstanding billing from TNB, SYABAS and cleaning agency.(due to the no 1 above)
for the two question above, will the the burden of settling the debt will fall under JMB, or developer will have to settle everything before handing over JMB or later MC?
In a perfect world, the developer should have apportioned the maintenance charges due by owners to offset any expenses arising. This right of apportionment is accorded to the developer per section 12(3)/(4) of the SMA. As such any shortfall is “unlikely” to happen.
Then again we live in a not so perfect world. In this regard and during the AGM, perhaps all accounts and handover of the development from developer to JMB is to be “qualified”. The interim committee will need to engage an accountant to carry out an audit as to where the leakages has occurred and whether provisions in sections 11, 12 and 14 of the SMA has been observed. From there, you will be able to determine as to why the developer has chalked up such a huge debt. Your developer is quite reputable, am kind of surprised such incident could have happened under their watch… then again I remind myself, we live in a not so perfect world.
Lol? ...........
Comprising of 1 block of office tower, 2 block of residential (from level 6 tol 17) and retail lot at the ground to 3 level,
Will the JMB for residential include :-
A) residential only
B) residential and comercial
C) reidential, comercial and office
Becaue the rep told us that the JMB will comprises of residential and commercial,
The reason is, there are about 30 unit of commercial lot but none is occupied. Which will become a heavy burden for us.
Am not very familiar with mix developments, nevertheless I reckon under the new SMA, commercial lot owners should be able to form their own subsidiary JMB in order to manage their own affairs. I would opt not to have commercial mixed with residential, simply because the division of cost will be very complex and the wear and tear to your common facilities will be extra-ordinary.
Example, say one of the commercial units is running a budget hotel and the guest in their hotel is able to gain access to your gym or swimming pool?
Also, consider the fact that expenses paid by residential and commercial lots for insurance, quit rent /assessment and tax (GST) are completely different. Residential rates are typically lower and you may end up subsidizing commercial lots doing their business.
Considering the above factors, I would insist to have our own separate JMB.........
If you have any MA which is good and affordale . Can pm me details.
Thank you for your tips and advice....
No comments on this subject matter. We have changed 5 Mas in a span of 3 years. I guess its trial and error?