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 WTA Quit Rent (Strata)

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TSseizer90 P
post Mar 11 2022, 12:08 AM, updated 4y ago

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Hi guys;

I have question regarding strata property (landed house).

Quit rent is charged bases on share unit or parcel size?

This year quit rent is rm650++ for a 1500++ sqft house.

This property is in Johor btw.

Thank you very much.
TSseizer90 P
post Mar 11 2022, 07:09 AM

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QUOTE(mini orchard @ Mar 11 2022, 06:35 AM)
Call the state land office or the jmb / mc / developer to confirm.

You can read further here ...
Thanks for the reply.

I actually have read the article, not much mentioned about the calculation

My jMB is quite dodgy on the issue, insist that the calculation for quit rent is based on share unit, not on parcel size.

The land office is kind of irrelevant here as they charged it based on master title size.

My question is the basis calculation using share unit is the correct method for a quit rent?

I know share unit was used for charge of sinking fund and maintenance fee.


TSseizer90 P
post Mar 11 2022, 08:21 AM

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Thanks for formula. I think they use the same one.

In my case, individual strata title is not handed over yet.

Also mentioned in my SPA

(1) The Purchaser shall be liable for all outgoings including quit rent, rate, tax, assessment and other charges in respect of the said Parcel as from the date he takes vacant possession of the said Parcel or from the date the said Parcel is transferred to the Purchaser, whichever is earlier.

Does it mean quit rent should be based on parcel size only?


TSseizer90 P
post Mar 11 2022, 07:22 PM

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QUOTE(DragonReine @ Mar 11 2022, 12:04 PM)
Not based on this clause, it just uses "Parcel" to mean unit ownership, doesn't mean that they must use parcel size. SPA clauses don't cover how to divide payment of quit rent for Master Title.
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Right, I was looking for opinion on this. Thanks!
TSseizer90 P
post Mar 11 2022, 07:23 PM

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QUOTE(forever1979 @ Mar 11 2022, 04:18 PM)
do you mind to tell what about assessment ?

because i think your quit rent quite high...

my condo in kl, quit rent less than RM100 per year, but assessment is ard RM650 per annum.
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If what u mean by assessment is cukai taksiran.. thats different one, charged around rm500++

 

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