The Building and Common Property Maintenance and Management Act 2007 will be replaced with the Strata Management act, in 2012.
The new act seeks to improve the management and maintenance of strata buildings involving a large portion of the residents as members of the Joint Management Body, instead of the developer.
The Strata Management Act also attempts to resolve problems such as the non-payment of management fees by owners and not taking repair and maintenance as a priority.
The new act will also enable the strata titles to be issued at the same time as the signing of the sales and purchase documents.
In certain parts,i do not agree with this new act.pls read this:
ReplyDeletehttp://www.nst.com.my/opinion/letters-to-the-editor/strata-management-bill-may-create-a-monopoly-1.136886#commentsForm-185854
I read your information. Property investment is really very important to other investment. If we become successful in this field than we need proper management for property investment.
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strata management