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 Let's Talk Properties. The Q&As, What would you like to know?

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mini orchard
post Apr 11 2022, 04:51 PM

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QUOTE(Spectreoutreach @ Apr 11 2022, 04:49 PM)
So don't need involved the management office ? If yes thanks in advance my parents would be delighted 😊
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If developer oredi bankrupt and no strata title, who is managing the place ?
mini orchard
post Apr 11 2022, 05:15 PM

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QUOTE(Spectreoutreach @ Apr 11 2022, 04:58 PM)
A barely functioning JMB .that why I'm worry about the future of the flat . Better find a way to sell it off
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I think there should be a liquidator when the developer is bankrupt and he is managing the flat. Check with him regarding the sale.


QUOTE(Spectreoutreach @ Apr 11 2022, 05:07 PM)
Forgot to ask , if both parents are owner of the flat . Both signature or one is enough needed to sign the S n P ?
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All registered owner must sign.

mini orchard
post Apr 11 2022, 05:36 PM

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QUOTE(Spectreoutreach @ Apr 11 2022, 05:31 PM)
The Malaysia insolvent department did get involved for a while before  JMB resume many years ago . Now it just JMB left (elected then elect new team that following year) that just collect fees ... What happened only one of signature owner left ? Can that flat be sold ? Thanks for answering many of my questions
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No.

That would be another additional step ...getting the grant of probate

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Google for more reading and understanding.

This post has been edited by mini orchard: Apr 11 2022, 05:38 PM
mini orchard
post Apr 12 2022, 12:37 PM

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QUOTE(Spectreoutreach @ Apr 12 2022, 12:25 PM)
I just check with JMB , seem the local council just took the over management from existing team & replace with own hired staff. All S& P must be go thru their office  nod.gif . Many thanks again . Less worries now smile.gif last month
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That is good for all owners.

As for the signatory, I suggest you do it asap as it will take time to complete. Once you have a buyer later, there will be no delay. Approach a lawyer if you decide to proceed.

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