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Management Corporations in Malaysia, 2nd Edition

 

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Management Corporations in Malaysia
Sep 2017
DUO (Paperback + ProView eBook)


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9789792049661


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Management corporations have statutory duties and powers under Malaysia's strata laws. Owners, on their part, must be engaged to ensure that their investment, lifestyle and financial well-being are protected and enhanced when living in strata developments. This book gives owners the tools to do that. It expresses in as plain a language as possible the meaning of the key provisions of the Strata Management Act 2013 as well as the Regulations and By-Laws made under it.

In this readable book, the author supplements explanations with informed commentary on the implications of the statutory provisions. In the process, numerous specific and practical suggestions are provided on how to improve strata management practice. The analysis and commentary add significant value to the text. Where appropriate, comparisons are also made with the position in jurisdictions outside of Malaysia to discern best practices.

Drawing on his experience as an owner-occupier of a condominium apartment in Kuala Lumpur and his first-hand knowledge of strata living in Malaysia, the author has prepared an engaging guide on the statutory scheme which impacts on management corporations.

This book will greatly benefit strata property owners and prospective owners as well as professional, industry and consumer associations, the broader real estate industry including valuers, property managers and developers, and state and federal land office/department officials.

NEW IN THIS EDITION

  • description and discussion of the extensive array of duties and legal obligations of management corporations now enshrined in newly prescribed By-Laws
  • description and discussion of the general duties of, and prohibitions placed on, owners and occupiers under newly prescribed By-Laws
  • details and analysis of subject matter contained within By-Laws covering renovations, vehicle use, solid waste disposal and maintenance and management of common property
  • analysis of new ways under which management committees are to function designed to emphasise greater accountability and transparency in the way they function and make decisions
  • inclusion of all prescribed Forms, Notices and Certificates relevant to the day-to-day workings of a management corporation;
  • details of new eligibility requirements for those nominating for membership of representative bodies including the opening up of membership of the management committee to non-owners
  • analysis of the workings of the Strata Management Tribunal
  • special commentaries comparing and contrasting features of Malaysian strata laws with that of overseas jurisdictions including suggestions on how to improve strata management law and practice as well as highlighting omissions and shortcomings
  • case studies based on (real life) factual scenarios pertinent to the operations of management corporations; and
  • references to relevant case law.

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