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Management Bodies & Committees: The New Regime

BY The National House Buyers Association Strata management is a big topic. It covers issues ranging from harmonious community living, sharing of common property, power back into the hands of parcel owners, property management to pooling of financial resources to maintain and manage the subdivided building and the common property. Being a big topic, strata management involves many stakeholders – developers, parcel owners, property managers, service contractors, real estate agents, land surveyors and the government. Each of them has an important function to perform to ensure effective and successful strata management. Much has been reported about the challenges in strata living – from disgruntled parcel owners who demand transparency in the management of the maintenance accounts to parcel ow...Read More

Management bodies: Dealing with the power struggle

The Strata Management Act 2013 was designed to clear up several crucial issues in the current law, especially with regard to responsible governance. In a previous article, we highlighted the Strata Management Act, 2013 (SMA) Act 757, discussing what management body and management committee represent as well as the stringent conditions for electing committee members. The SMA, though passed in 2013, was finally implemented in June 2015 with the governing Strata Management Regulations and all other regulations in order to proceed with its expedient enforcement. The SMA and the regulations will provide more comprehensive and clearer terms for strata management compared to the present laws, namely, the Strata Titles Act 1985 (Act 318) and the Building and Common Property (Maintenance and Manage...Read More