Strata homeowners, the power is in your hands!

PETALING JAYA (April 8): Strata property owners should participate in the annual general meetings (AGM) held by their management councils in order to ensure their properties are managed well, said Chur Associates managing partner Chris Tan.

In his session entitled “Common myths about communal living: what’s legal and what’s not!” at the TheEdgeProperty.com Symposium on Property Management 2017 this morning, Tan who is a lawyer, likened property management to maintaining a listed company, as good management will improve the property value. 

“In communal living, the key [to better property management] is very simple. Participation is the key. The more you participate, the more you can ensure the management is doing their job well. 

“Just like a listed company, when the company is managed well, the share prices will go up. So the power is in your hands, really!” he said. 

During his session, to the delight of many strata homeowners, Tan also mentioned that they can in fact keep pets in their properties, depending on where they live.

“We can keep pets in the development if the majority of the owners agree [to it]. It also depends on where you stay and provided that your pet does not cause a nuisance to your neighbours,” he said, citing Sub Paragraph 14(1) in 3rd Schedule to Strata Management (Maintenance and Management) Regulations 2015. 

Tan added that it also depends on the local authorities as strata homeowners may have to apply for a licence in order to keep their pets at home. 

It is therefore important for strata homeowners to check with the relevant local authorities if such licence is necessary, noted Tan. 

Themed “Is your investment a time bomb?”, the symposium is presented by TheEdgeProperty.com, with partners Nippon Paint Malaysia and Panasonic Malaysia. It is supported by The Edge Malaysia while the supporting sponsor is Gamuda Land.

The full report on TheEdgeProperty.com Symposium on Property Management 2017 will be published in the April 14 issue of TheEdgeProperty.com pullout which is available free for download at www.theedgeproperty.com.