Separate quit rent billing on strata titles a reality?


SCENARIO A: For 15 years, more than 50 owners of 90 condominium units diligently contributed their share of quit rent, apportioned by the developer’s surveyor, to their developer.

They were shocked when they made checks at the Wilayah Land Office and discovered that their developer had somehow used their portion of payment towards arrears that had accumulated to RM114,432 between 2005 and 2013. This figure does not take into account the quit rent for the current year and the late penalty that was imposed by the related land office. More shocking was that the penalty levied was quite a hefty sum over and above the arrears.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , column

Next In Business News

Ringgit ends lower against the US$ as global uncertainties weigh on sentiment
MISC renews Menara Dayabumi lease with PETRONAS in RM433mil 15-year deal
Malaysia Airports allocates RM11bil capex for infrastructure expansion over five years
IOIPG to return to FBM KLCI, Sime Darby on reserve list
Sentoria shares to be suspended from June 12, faces delisting
AirAsia's outstanding bill settled, says CAAP
Tycoon Vincent Tan cuts Berjaya stake in asset sales
Pentech's IPO oversubscribed 120.98 times
Sapura Industrial to dispose of Melaka land for RM10.48mil
Stocks struggle after Broadcom dive; oil eases off highs

Others Also Read