What.. got such rule? So I actually have to pay for the parking that I own now?
Condominium Maintenance Fees
Condominium Maintenance Fees
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Oct 31 2017, 05:13 PM
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Senior Member
549 posts Joined: Jan 2009 |
What.. got such rule? So I actually have to pay for the parking that I own now?
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Nov 1 2017, 02:01 PM
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Junior Member
421 posts Joined: Dec 2009 |
QUOTE(kausar @ Oct 19 2017, 09:48 AM) if some of the facilities not functioning, doesnt means the mgt dont do the job. u think its better to repair sauna or to repair the lift, the important facility is the priority. if sauna is costly or less important or etc then in agm make a call to close it down permanently (no money to maintain and not needed)....dont let it be infested with pests, foul odour and hazards...the money paid is for full maintenance....it's not about have money or not...if dont have then why want luxury stuff like sauna...for show? |
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Nov 1 2017, 06:39 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
QUOTE(rupart @ Nov 1 2017, 02:01 PM) if sauna is costly or less important or etc then in agm make a call to close it down permanently (no money to maintain and not needed)....dont let it be infested with pests, foul odour and hazards...the money paid is for full maintenance....it's not about have money or not...if dont have then why want luxury stuff like sauna...for show? Yeah that’s why it is just a marketing gimmick if a project promoting 60+ facilities etc. We all know that it will be a pain to maintain those stuff in the future. If majority of the owners not rich enough to maintain, then most facilities will end up becoming white elephant only. |
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Nov 2 2017, 09:13 AM
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Junior Member
421 posts Joined: Dec 2009 |
QUOTE(AskarPerang @ Nov 1 2017, 06:39 PM) Yeah that’s why it is just a marketing gimmick if a project promoting 60+ facilities etc. We all know that it will be a pain to maintain those stuff in the future. If majority of the owners not rich enough to maintain, then most facilities will end up becoming white elephant only. dittoin short, to sell new condo at higher price developer justify with facilities to lure buyer...they know it cant be maintained....but it will not be their problem after a few years coz MC will take over anyway...so many facility means be ready to pay or be ready to lose it....which also means capital appreciation and rental wud be affected.. |
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Nov 2 2017, 10:40 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(rupart @ Nov 1 2017, 02:01 PM) if sauna is costly or less important or etc then in agm make a call to close it down permanently (no money to maintain and not needed)....dont let it be infested with pests, foul odour and hazards...the money paid is for full maintenance....it's not about have money or not...if dont have then why want luxury stuff like sauna...for show? My pov, Sauna is a "useless" high maintenance expense facility that developers shouldn't build one in the first place.We can have free Sauna by just sitting outside... |
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Nov 2 2017, 11:18 AM
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Senior Member
3,790 posts Joined: Aug 2007 |
QUOTE(ma3da @ Mar 10 2017, 10:34 AM) Maintenance Fees There is a long history behind how maintenance fee are charged before Strata Mgmt Act 2013 came into play.I realized that the government has changed the maintenance fees structure. I went to the management office yesterday and they informed me that in my next month bill i need to pay for my parking lot maintenance fees as well. Those day the condominium maintenance fees was calculated based on your house built up area but now i have to pay for my parking lot maintenance fees as well. If i have 5 lots i have to pay all 5 lots. Can any sifu/simo can verify if this is truth. If not i will shoot my management office officer I will first address how current maintenance fee is charged, the formula is as per the Sma2013 and Spa. Previoualy, maintenance is calculated by square feet, share unit is essentially square meter. Area Parcel is: 1,837 sf or 170.7 sm Accessory (Private lift) is : 156 sf or 14.5 sm Accessory (Car Park is: 115.2 sf or 10.7 sm The following is the calculation:- [Area Parcel + (Accessory Private Lift + Car Park/ 2)] x 3.5262 = RM X *Note: 3.5262 is based on total expenditure incurred divided by total area of the development. 183.3 x 3.5262 = RM 646.35 Referring to previous legislation or the infamous Act 663, before the title was issued, the car park was under master title. If it was not carve out, it was therefore considered part of the common area. Once strata title is issued, the car park is reflected as part of your title. Thetefore, no longer common area. Hence, a fee is chargeable. The current SMA, does away with this. On top of that, we might see lesser n lesser Jmbs becoz strata title is expected to be issued soon after VP. This post has been edited by aurora97: Nov 2 2017, 11:28 AM |
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Nov 3 2017, 11:22 AM
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Junior Member
755 posts Joined: Nov 2017 |
QUOTE(aurora97 @ Nov 2 2017, 11:18 AM) There is a long history behind how maintenance fee are charged before Strata Mgmt Act 2013 came into play. I get little bit confused...Share Units already include car park, right ? So generally those own more car park lots will have bigger Share Units and therefore pay higher maintenance fee. Please enlighten me below :I will first address how current maintenance fee is charged, the formula is as per the Sma2013 and Spa. Previoualy, maintenance is calculated by square feet, share unit is essentially square meter. Area Parcel is: 1,837 sf or 170.7 sm Accessory (Private lift) is : 156 sf or 14.5 sm Accessory (Car Park is: 115.2 sf or 10.7 sm The following is the calculation:- [Area Parcel + (Accessory Private Lift + Car Park/ 2)] x 3.5262 = RM X *Note: 3.5262 is based on total expenditure incurred divided by total area of the development. 183.3 x 3.5262 = RM 646.35 Referring to previous legislation or the infamous Act 663, before the title was issued, the car park was under master title. If it was not carve out, it was therefore considered part of the common area. Once strata title is issued, the car park is reflected as part of your title. Thetefore, no longer common area. Hence, a fee is chargeable. The current SMA, does away with this. On top of that, we might see lesser n lesser Jmbs becoz strata title is expected to be issued soon after VP. Total maintenance fee for the entire condo before issuance of strata titles (Share Units) : RM40,000 Total owners' sq ft : 100,000 sq ft Maintenance fee per sq ft : RM0.40 per sq ft After issuance of strata titles and allocation of Share Units to all owners, the total maintenance fee to be collected for the entire condo is still RM40,000. Am I correct? If the total current maintenance fee (calculated by Share Units) for the entire condo does not change, owners with more car park lots will need pay more maintenance fee but owners with one car park lot will pay less, as compared to previous maintenance fee (calculated by sq ft) ? |
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Nov 3 2017, 02:30 PM
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#48
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Junior Member
421 posts Joined: Dec 2009 |
QUOTE(car_computer @ Nov 3 2017, 11:22 AM) I get little bit confused...Share Units already include car park, right ? So generally those own more car park lots will have bigger Share Units and therefore pay higher maintenance fee. Please enlighten me below : yes owners with more car park wud be affected ..last time irregardless how many car park...they just pay based on unit sqftTotal maintenance fee for the entire condo before issuance of strata titles (Share Units) : RM40,000 Total owners' sq ft : 100,000 sq ft Maintenance fee per sq ft : RM0.40 per sq ft After issuance of strata titles and allocation of Share Units to all owners, the total maintenance fee to be collected for the entire condo is still RM40,000. Am I correct? If the total current maintenance fee (calculated by Share Units) for the entire condo does not change, owners with more car park lots will need pay more maintenance fee but owners with one car park lot will pay less, as compared to previous maintenance fee (calculated by sq ft) ? |
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Nov 3 2017, 02:38 PM
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Junior Member
755 posts Joined: Nov 2017 |
QUOTE(rupart @ Nov 3 2017, 02:30 PM) yes owners with more car park wud be affected ..last time irregardless how many car park...they just pay based on unit sqft What i want to know is that, does it mean that generally those owners who have only 1 car park will pay less maintenance fee now as compared to previous calculation ? |
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Nov 3 2017, 02:48 PM
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#50
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Junior Member
421 posts Joined: Dec 2009 |
QUOTE(car_computer @ Nov 3 2017, 02:38 PM) What i want to know is that, does it mean that generally those owners who have only 1 car park will pay less maintenance fee now as compared to previous calculation ? depends if by share unit or built up..if share unit more or less the same...typcially in AGM the changes would be conveyed...have they explained in your AGM? meantime, these helps https://themalaysianreserve.com/2017/07/05/...nance-fee-hike/ http://www.rism.org.my/wp-content/uploads/...ohd-Ariffin.pdf This post has been edited by rupart: Nov 3 2017, 02:49 PM |
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Nov 3 2017, 03:22 PM
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Junior Member
755 posts Joined: Nov 2017 |
QUOTE(rupart @ Nov 3 2017, 02:48 PM) depends if by share unit or built up..if share unit more or less the same...typcially in AGM the changes would be conveyed...have they explained in your AGM? If owners who have more car park lots pay more, then some people with lesser car park lots should pay less, right ? if the total maintenance fee to be collected for the entire condo building remains unchanged.meantime, these helps https://themalaysianreserve.com/2017/07/05/...nance-fee-hike/ http://www.rism.org.my/wp-content/uploads/...ohd-Ariffin.pdf I don't understand the first article. Why does it say that generally maintenance fee for EACH UNIT will increase by 20% ? |
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Nov 3 2017, 03:35 PM
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Junior Member
421 posts Joined: Dec 2009 |
QUOTE(car_computer @ Nov 3 2017, 03:22 PM) If owners who have more car park lots pay more, then some people with lesser car park lots should pay less, right ? if the total maintenance fee to be collected for the entire condo building remains unchanged. increase by 20% if they charge by built-up incl of common plcs...if by share unit/parcel then u shd pay about the same...I don't understand the first article. Why does it say that generally maintenance fee for EACH UNIT will increase by 20% ? This post has been edited by rupart: Nov 3 2017, 03:36 PM |
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Dec 6 2017, 03:54 PM
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Senior Member
1,039 posts Joined: Jun 2017 |
QUOTE(rupart @ Nov 3 2017, 03:35 PM) increase by 20% if they charge by built-up incl of common plcs...if by share unit/parcel then u shd pay about the same... Hi, any one can confirm this ! to pay by developers ?if unsold units upon vp:- :If the uoverhang-of-unsold-units-make-collecting-service-feesnits are empty service charges have to be paid … and who have to pay service charges … it is the developers..." icon_question.gif fr "Business | November 30, 2017 by | 0 Comments" http://www.malaysia-chronicle.com/facing-c...perty-managers/unsold-units This post has been edited by pinkdm: Dec 6 2017, 03:57 PM |
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Dec 6 2017, 04:23 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
QUOTE(pinkdm @ Dec 6 2017, 03:54 PM) Hi, any one can confirm this ! to pay by developers ? Yes correct. Unsold unit all charges due back to the developer. They will need to clear all payment before selling the unit to the future owner.if unsold units upon vp:- :If the uoverhang-of-unsold-units-make-collecting-service-feesnits are empty service charges have to be paid … and who have to pay service charges … it is the developers..." icon_question.gif fr "Business | November 30, 2017 by | 0 Comments" http://www.malaysia-chronicle.com/facing-c...perty-managers/unsold-units |
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Jan 24 2018, 05:55 PM
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116 posts Joined: Apr 2009 |
Anyone know how to calculate maintenance fees in details?
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May 3 2018, 08:31 PM
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Junior Member
33 posts Joined: Dec 2010 |
Hi,
This is how I will calculate maintenance fees or Charges as prescribed by the Strata Management Act 2013 ("SMA") 1) Share units of your parcel = A 2) Aggregate Share Units = B 3) Estimates of Expenditure per month = C 4) Charge per share unit (D) = C/B (Estimates of Expenditure per month DIVIDE-BY Aggregate Share Units) 5) Charges for your parcel (E) = D * A (Charge per share unit MULTIPLY-BY share units of your parcel) Example: A=100, B=10,000, C=100,000 then D = 10 and E = 1,000 Note: 1. A, B, C can be obtained from Developer, JMB or your strata title once it's issued 2. A is NOT square meter or square feet. It is normally calculated by a land surveyor appointed by a developer prior to application of strata titles. If strata titles had been issued, then it will appear in your strata title. Hope this helps. QUOTE(archery @ Jan 24 2018, 05:55 PM) |
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May 19 2018, 11:30 PM
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#57
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1,573 posts Joined: Oct 2015 |
Is JMB required to furnish Accounting records for the residents?
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May 20 2018, 05:26 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(watabakiu @ May 19 2018, 11:30 PM) You mean send accounting report to every resident?JMB/MC only deal with owner, not resident. If not mistaken, there is no mandatory that JMB/MC to send accounting report to every owner, but they need to get the account done and audited in every AGM, as required by the strata title law. But it is good to do so. |
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May 25 2018, 12:28 AM
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#59
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Senior Member
1,573 posts Joined: Oct 2015 |
QUOTE(cherroy @ May 20 2018, 05:26 PM) You mean send accounting report to every resident? Sorry, I meant owners! JMB/MC only deal with owner, not resident. If not mistaken, there is no mandatory that JMB/MC to send accounting report to every owner, but they need to get the account done and audited in every AGM, as required by the strata title law. But it is good to do so. |
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Jun 11 2018, 06:20 PM
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#60
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All Stars
13,790 posts Joined: Jan 2006 From: stress & confuse world |
wondering if maintenance fee was included with gst?
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