The Strata Titles Act 1985 (Amendment 2013), section 17A, Management corporation is can form a subsidiary MC (SMC) to manage limited common property (LCP) for the respective groups of parcel owners via a 2/3 majority during an AGM/EGM (relevant in…
Day: July 19, 2019
What Is The Difference Between A Management Corporation (MC) and Joint Management Body (JMB)?
Generally speaking, JMB is a body tasked with responsibilities such as managing and maintaining common property before strata titles are issued for a stratified development area while a MC takes over these responsibilities after strata titles are issued