Scenario
The condominium I stay has two towers, one is affordable housing scheme while another is higher-end unit. Should the Management Corporation (MC) charge the same maintenance fee for residents of both towers?
Mythbusted.
The amount of contribution for the maintenance fees, contribution to sinking fund and other costs for the maintenance and management of common property that have to be paid, are determined by the share units.
Share unit determination is based on various factors such as the parcel’s size. Refer to the First Schedule of the Strata Management Act 2013 for the formula.
Since the units within the other tower offer larger sizes, the share units allocated to the units within this tower is higher than for the affordable house. Therefore, the strata owners of the affordable house will pay a lower contribution of maintenance fee.
Source from EdgeProp.my Issue 2940/2019
Share unit determination is based on various factors such as the parcel’s size. Refer to the First Schedule of the Strata Management Act 2013 for the formula.
Since the units within the other tower offer larger sizes, the share units allocated to the units within this tower is higher than for the affordable house. Therefore, the strata owners of the affordable house will pay a lower contribution of maintenance fee.
Source from EdgeProp.my Issue 2940/2019
So, having issue on your maintenance fees and contribution to sinking fund? Connect to us!
Understand your right as strata owner by reading Strata OMG.
Consult CA
Understand your right as strata owner by reading Strata OMG.
Consult CA