If a condo apartment owner has passed away and no next-of-kin can be found, what can the MC/JMB do?
Maintenance charges are piling up.
Thank you in advance.
Condo property with no traceable owners
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Jul 10 2024, 12:08 PM, updated 2y ago
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#1
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Junior Member
245 posts Joined: Mar 2009 |
All property sifus here, I have a question, hope someone can answer.
If a condo apartment owner has passed away and no next-of-kin can be found, what can the MC/JMB do? Maintenance charges are piling up. Thank you in advance. |
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Jul 10 2024, 01:12 PM
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#2
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542 posts Joined: Apr 2022 |
if we see those lelong unit also has high outstanding maintenance debts. Look like nothing much to do. conxtion liked this post
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Jul 10 2024, 01:14 PM
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#3
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542 posts Joined: Apr 2022 |
If the owner pass away and once they didnt pay the installment (assuming bank loan still havent paid finished yet). It will go to the lelong process, and new onwer will buy and move in. conxtion liked this post
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Jul 10 2024, 01:20 PM
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#4
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3,578 posts Joined: Apr 2006 |
QUOTE(Jazted @ Jul 10 2024, 01:14 PM) If the owner pass away and once they didnt pay the installment (assuming bank loan still havent paid finished yet). It will go to the lelong process, and new onwer will buy and move in. That's assuming the loan wasn't covered by MRTA/MLTA. It will definitely be a long drawn process for the JMB/MC to recover outstanding maintenance fees as they also need to stake a claim into the deceased's estate. |
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Jul 10 2024, 03:20 PM
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#5
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3,969 posts Joined: Nov 2016 |
lelong the units... and stake claim on the overdues $$$ from it. btw the owner is Malaysian or Foreigners? conxtion liked this post
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Jul 10 2024, 03:56 PM
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#6
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245 posts Joined: Mar 2009 |
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Jul 10 2024, 07:51 PM
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#7
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2,854 posts Joined: Jul 2013 |
normally the bank (chargee) which has the charge on the property will initiate the auction.
the proceed with first go thru bank first. balance will divided by the rest of the creditors ask lawyer on the details bah... because need to submit details like proof of debts and calculate the overdue payment & some legal letter etc... u cant proceed the auction as the bank has the charge This post has been edited by forever1979: Jul 10 2024, 07:51 PM |
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Jul 10 2024, 07:54 PM
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#8
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All Stars
48,579 posts Joined: Sep 2014 From: REality |
QUOTE(conxtion @ Jul 10 2024, 12:08 PM) All property sifus here, I have a question, hope someone can answer. :confused: How long the owner passed away??If a condo apartment owner has passed away and no next-of-kin can be found, what can the MC/JMB do? Maintenance charges are piling up. Thank you in advance. The condo have banks debts @ loans outstanding.. If yes, then banks take ownership & auction the unit... If no debts @ fully paid. Then it's hard. Need to find the next of kin no matter what.... |
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Jul 11 2024, 03:15 PM
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#9
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QUOTE(conxtion @ Jul 10 2024, 03:56 PM) normally it's the banks have first authorities. then local council & in this lastly Condo Management. but before all these. needed to make public notice in Major newspaper & wait for those next of kin to claim the assets. Normally in 30 days period. No response. then take next action to lelong the units conxtion liked this post
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Jul 15 2024, 04:00 PM
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#10
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Unfortunately, no debts.
Of course, now owe Parcel Rent and Assessment. Owner passed away maybe 4-5 years. QUOTE(nexona88 @ Jul 10 2024, 07:54 PM) |
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Jul 15 2024, 06:24 PM
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#11
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All Stars
48,579 posts Joined: Sep 2014 From: REality |
QUOTE(conxtion @ Jul 15 2024, 04:00 PM) Unfortunately, no debts. Then no other choice Of course, now owe Parcel Rent and Assessment. Owner passed away maybe 4-5 years. Need to know / find next of kin... conxtion liked this post
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