Know Your Right as a Strata Owner – What Can I do to Participate?

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January 3, 2018
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January 23, 2018

Know Your Right as a Strata Owner – What Can I do to Participate?

Right to raise issues

“Condominium” is a Latin word formed by con- (“together”) to the word dominium (“property, ownership”) which mean “shared property”. In other words, “shared responsibilities”.  This implies that whoever owns the property own the responsibilities. Thus, as a strata owner, you have the right to raise out all the dissatisfactions and issues in your condo such as poor condo maintenance or misuse of the fund by writing a requisition together with at least a quarter or 25% of the aggregate share units. The Chairman of the committee council should convoke for an EGM within 6 weeks of receiving the requisition.

 

Right to request for an Extraordinary General Meeting (EGM)

The Chairman of the committee council shall convene for an EGM within 6 weeks of receiving requisition in writing from strata owners who are together entitled to at least a quarter or 25% of the aggregate share units.

Owners also have the right to request for an inclusion of issue or topic in the agenda of an EGM or AGM. To do that, owner needs to hand in a notice at the management body’s registered office no less than 7 days before the meeting.

If management does not entertain the request for an EGM, owners can then seek help in writing from the Commissioner of Building (COB) or the Strata Management Tribunal (SMT)

 

Right to request for the review of Maintenance Fee and Sinking Fund (SF)

Every owner has the right to review its operational expense in the Financial Report audited every year. If owners are unsatisfied with the amount of Maintenance Fee and Sinking Fund or any decision to increase it; they could apply for its review to the Commissioner of Buildings (COB). The COB will then determine the right amount that should be charged or get a registered property manager to recommend the said amount.

 

How to Form My Own Community?

  • Share with your neighbours about AiResident Community and its mobile app.
  • Gather and connect with your neighbours through a proper community platform with aiResident app. Refer to your email for a Google EOI Form. Use it to build your own aiResident Community .
  • Stay tuned for our up and coming RebrandMyHome program to make a difference in your community and home.

 

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