THE Strata Management Act 2013 (‘SMA’) is a significant improvement of its predecessor, the Building and Common Property (Maintenance and Management) Act 2007 which has since been repealed.
However, the SMA is not flawless.
Two years down the road, the users of the SMA have spotted some lacunas in this legislation which require fine tunings or clarifications.
Sometime mid of 2017, the Ministry of Urban Wellbeing, Housing and Local Government (‘Ministry’) invited various stakeholders to a meeting to discuss how the SMA can be fine-tuned.
The HBA is proud to be part of it.
Prior to the said meeting, the HBA together with the Malaysian Bar Council, Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS), Royal Institution of Surveyors, Malaysia (RISM) and the Board of Valuers, Appraisers and Estate Agents have submitted a joint memorandum to the Ministry highlighting the proposed possible amendments to the SMA.
In this article, we shall attempt to highlight some of the pertinent issues which were proposed and discussed during the meeting.
MediaTitle: The Malaysian Reserve
Date: 03 Jan 2018