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 how did the quit rent derived?

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TShackwire
post Jul 24 2007, 11:38 PM, updated 19y ago

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How do the developer calculate quit rent and bill to the residence? Is there a formulae to check whether the quit rent im paying now is in accordance to the law.

do you calculate the quit rent on overall land area (condo + common area ) which the property occupied or Condo "built up" of every single units occupying the sky or the land size covered by the Condo itself excluding all common Areas
TShackwire
post Jul 25 2007, 09:52 PM

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i wonder if the developer calculate according to the develop area of the parcel which including the common area like guardhouse, swimming pool , visitor car park outside etc etc? or the building only.
TShackwire
post Jul 26 2007, 10:33 PM

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