It is certainly not within the contemplation of most Malaysians to have their lives come to a grinding halt hence it would be utterly unjust to hold them liable for their failure to fulfill their contractual obligations, under the circumstances.
For example, if there is a burst water tank, how can the strata dwellers cope during the MCO period without water?
For the average person, buying a property is the single biggest financial commitment in his or her lifetime, hence careful thought and planning is a must.
The general understanding is that both the Joint Management Body (JMB) and Management Corporation (MC) are entrusted with the powers and responsibilities to manage common areas of stratified developments, enforce by-laws and collect maintenance charges and contributions to the sinking fund and others. But how is the JMB different from an MC?
The name “sinking fund” is not meant to be taken literally, but in some stratified developments, there are sinking funds that have sunk and totally disappeared.
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