757 - AKTA PENGURUSAN STRATA 2013 — Malaysia law | Esheria

757 - AKTA PENGURUSAN STRATA 2013

The Act sets the basic rules for strata development and management, including filing a strata schedule before selling parcels, opening and using maintenance and sinking fund accounts, and the Commissioner’s administration powers.

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Jurisdiction
Malaysia
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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accounts and audit audit and accounting building maintenance by-laws collection of charges collections collections and enforcement committee governance corporate representation developer obligations dispute resolution enforcement joint management body litigation immunity maintenance accounts maintenance fund meeting governance notice service property insurance property management property management accounts records and audits regulatory powers seizure and sale of movable property +5 more

Statute overview

About this statute

The Act sets the basic rules for strata development and management, including filing a strata schedule before selling parcels, opening and using maintenance and sinking fund accounts, and the Commissioner’s administration powers. Buyers must pay the charge and sinking fund contribution on notice, and developers and the joint management body have account, audit, transfer, meeting, and handover duties. This provision covers strata management rules on accounts, charges, enforcement, meetings, and transitional arrangements. Management corporations and subsidiary management corporations must maintain the required accounts, deposit owners’ payments into the correct funds, audit and file accounts, and follow limits on by-laws and collections. Developers must pay a deposit for common-property defect repairs, and certain building managers must insure buildings and follow the Tribunal’s rules and awards.