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 Unutilised sinking fund for subsale condo

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donald88
post Jan 8 2024, 02:44 PM

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should confirm with condo management if seller paid advance for the maintenance and sinking fund. If yes, then you pay the seller back la but let condo management know.
donald88
post Jan 9 2024, 11:05 AM

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QUOTE(dopamine @ Jan 8 2024, 02:52 PM)
This is not advance payment . All these while previous owner paid the sinking fees as usual, so until today there are still having balance unutilised around rm1.8k which yet to be used by management. So now lawyer asking my sis to pay this rm1.8k to previous owner.
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Condo management doesn't care who the money comes from (old or new owner) and usually sinking fund is yearly. If you pay to your seller just make sure condo management don't chase after you for payment for the days before you officially own the property.

 

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