With the issuance of Strata Titles, the service charges and sinking fund for e-Tiara are now governed by provisions under the Strata Title Act 2007 (Act 663) section 23. According to the act:
Section 23 : The apportionment of the charges to be paid by the purchasers shall be determined by the Body in proportion to the allocated share units.
The service charges and sinking fund for each apartment unit, called "parcel" shall be thus determined by its share unit plus the accessories for the parcel (such as car park(s), balcony area, extra land for ground floor unit or any other extra land as specified under the parcel's strata title).
The service charges and sinking fund rate will remain as per current rate of RM 0.352 / sq ft ( RM3.78 / M² ).
Letters are now being sent to owners about the new service charges and sinking fund.
Examples of calculation are given below:
Please
refer to the Management office to determine your contribution based on your parcel’s
share value entitlement. This will be implemented from 1st April 2015.
