The Property Real Estate Lawyers Association said the decision by the Court of Appeal to decide in favour of a serviced apartment owner was fair and correct.
Association president Datuk Pretam Singh Darshan Singh said under the Strata Management Act 2013 (Act 757), the maintenance charges to be paid by property owners are calculated based on share units, and different weightage factors are given to the different types of property in a mixed-use development.
Under the first schedule for example, the residential portion has a weightage factor of one while the retail complex has a weightage factor of two, and the car parking facilities, a factor of less than one.
All three types of properties enjoy minor adjustments, depending on whether the property in question has the benefit of a lift, escalator or air conditioning facilities.
Media Title: The Star
Date: 21 Oct, 2019