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Weekly Industry News

The concept of a management body should be fairly clear to a management corporation’s council members and even long-time strata property owners. For non-involved owners and residents – especially first-time owners – this form of common-interest ‘governance’ can be perplexing and, at times, bewildering. what with the many parties (developers, managing agent, management council, other buyers, etc) involved as well as the legal duties of each party.

Those who have never lived in an owners’ corporation (condo, apartment, townhouse, gated community) often do not understand Ihe necessity of service charges, sinking fund, rules and volunteering to sit in the management council.

For them, the ‘management’ may be perceived as little more than a nebulous entity that expects prompt payment on monthly invoices. This lack of understanding can lead to miscommunication and misunderstanding with the general perception that condo living is hard.

Media Title: Focus Malaysia

Date: 8 Dec 2018

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