Strata Title Car Park Malaysia
Generally you not only own your unit but you also co own the common properties such as lifts staircases foyers gardens car parks etc the size of your ownership on the common properties depends on the built up.
Strata title car park malaysia. Coming into operation of the electronic land administration system of. Once strata title is issued the car park is reflected as part of your title. Do i own only my unit or the common properties as well.
Nobody likes to be hit with hidden charges so understanding how a sinking fund and maintenance fees both work is a good step to take before purchasing a strata property. The strata title ownership is governed by the strata title ordinance 1995 the main piece of legislation in this area. Hence a fee is chargeable.
The concept of strata title is based on the horizontal subdivision of a high rise building or of airspace instead of the usual vertical subdivision of land. It sets out detailed requirements that they have to meet. Hence i take this opportunity to re posting something about accessory parcel in a strata development and.
Laws of malaysia act 318 strata titles act 1985 arrangement of sections p art i preliminary section 1. Referring to previous legislation or the infamous act 663 before the title was issued the car park was under master title. Strata titles boards annual report 2018 building on success new revamped website 1 jan 2018.
Some of our strata titled car parks include. Here are the reasons why. In malaysia developers that wish to construct and sell high rise building projects must refer to the strata titles act.
If it was not carve out it was therefore considered part of the common area. Coming into operation of the computerization system of strata titles in any land registry 4 b. A land title is the most important document that every homeowner should ensure they have in their possession.
Thetefore no longer common area. Annual report 2018 1 feb 2019. These shared fees affect virtually all residents in strata housing providing important financing to ensure vital property management and maintenance.
I have one unit of pent house. Metropol fitzroy street melbourne 200 spaces. Can i sell my car park attached to strata title as accessory parcels.
Our investor base exceeds 2000 people to whom we pay monthly rentals on strata titled lots. Legal jargon that most laypersons may not understand i had done research on this subject reposting something about parcel and accessory parcel in greater detail written by ldk which are useful regarding accessory parcel in a strata development. S 69 strata title act 1985 states that.
Klik sini untuk versi bm. Chapter 11 resolving disputes at strata titles boards has been updated as at 31 jan 2019 and can be viewed at this link. I am afraid the law cannot let you to do that.
The strata title is one of the three forms of land titles used in malaysia the other two being the master title and individual title. So may i sell one of the car parks to my neighbour. There are three car parks attached to the individual title as accessory parcels.
