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 What are the hidden cost for condo?

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SheepGeeks
post Apr 30 2018, 04:19 PM

On my way
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QUOTE(hanhanhan @ Apr 30 2018, 03:41 PM)

3. quit rent (cukai tanah) = pay once a year to management

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I doubt condo has to pay this?

I thought it has included in management fees?
SheepGeeks
post Apr 30 2018, 05:21 PM

On my way
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Joined: Sep 2017


QUOTE(hanhanhan @ Apr 30 2018, 05:19 PM)
well that depends. some condo have excess money , so they take it from service charges.

these probably are characteristics of a well managed condo with good paymaster owners.

most condo have to chase owner for payment, lot of money in arrears, so have to claim extra from owner to pay quit rent.
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I see. I was wondering because I stay in my condo for 1 year, never heard of that.

Thanks for the clarification.

 

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