2023-08-22 at

Condo fees in Malaysia

As of 2023.

Ohoho, I just figured this out by working on the local government entity.

Stratified properties are governed under Act 757. The local government entity with the duty to maintain, and the right to collect taxes "maintenance account charges" has a lifecycle of :

developer ->
joint management board (jmb) before 25% of owners claim strata titles -> 
management corporation (mCorp) after 25% of owners claim their strata titles. 

Often the actual operations are outsourced to property managers governed under Act 242. There is a woeful lack of education among laypeople about how this works resulting in the following, common, false beliefs :

- the jmb\mcorp is the residents association (it is not)
- the jmb\mcorp has responsibilities beyond maintenance and bylaw legislation (not even security, community development, or information security)
- the jmb \mcorp is a property manager (different unlinked acts of law)
- the property manager is responsible for the jmb\mcorp's duties under 757 (nope)

The worse thing about 757 is, it creates the jmb/mCorp which is governed by a sort of parliamentary protocol, whereas the officials "committee members" equivalent to the board of the jmb/mCorp typically have zero awarenesses of the very existence or protocols of 757 when they are elected to office by their peers

Anyway, about fees. It comes to ( maintenance account charges of about MYR 0.20 to MYR 0.70 ) plus (10% sinking fund account charges) per month per square foot of each parcel. This is collected by the developer/jmb/mCorp depending on lifecycle stage.

Parcel tax (state land office) and assessment tax (city council) are separately collected, and are tinier fees in comparison. Typically paid every 6 months to the respective authority.

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