YOUR ATTENTION, PLEASE!
MONTHLY MAINTENANCE AND SINKING FUND CHARGES
We would like to draw the attention of all owners that payment of monthly maintenance and sinking fund charges including quit rent, insurance, water charges and late payment interest is a collective obligation for the common good of all residents. It is also a legal requirement as per Act 757 (Strata Management Act 2013) which will replace Act 663. The Act prescribes a specific recovery process in the event an owner is in default and fails to meet this requirement.
In accordance to our House Rules, the PMO WILL BE PUTTING UP A LIST OF ALL DEFAULTERS. An owner is deemed to be in default if the monthly maintenance and sinking fund charges are outstanding for more than 60 days. Please take note that all units with maintenance and sinking fund charges including quit rent, insurance, water charges and late payment interest not paid until February 2013 will be displayed in the defaulters list. The list will state Owner's Name, Unit Number & Amount Outstanding.
You are kindly requested to update your accounts by Friday, 31 May 2013 latest.
Further, we would also like to draw your attention to the following pertinent matters:
1. Incomplete Payment Details
We have several instances where the monthly maintenance and sinking fund charges have been credited into the JMB bank account with which we have no details. This lack of details causes a difficulty in updating your account in our books. Residents using any of the following payment methods are requested to email (firstname.lastname@example.org) or fax copies (03-77276867) of the payment details to the PMO to facilitate accurate updating of your account:
a. Online transfer from your account to the JMB account
b. Deposited your cheque into the JMB bank account
2. Statement of Monthly Maintenance Fund, Sinking Fund & Other Related Charges
Every month a statement of account is sent to every parcel owner either by email and/or by hard copy to the address held in our registers. If you have not been receiving it we advise that you furnish us with your latest email address and preferred postal address. You may send your updated details to email@example.com
3. Disputes of Payment of Monthly Maintenance Fund, Sinking Fund & Other Related Charges
Upon receiving your monthly statement please check to ensure the accuracy of the charges and payments made. ANY DISCREPANCY SHOULD BE REPORTED TO THE PMO IN WRITING WITH SUPPORTING DOCUMENTS WITHIN SEVEN DAYS OF RECEIVING THE STATEMENT. The statement will be deemed accurate if the PMO does not receive any notice of discrepancy within the stipulated time frame.
4. Maintenance Fund, Sinking Fund & Other Related Charges Owing by Previous Owner
If you have purchased a unit in ATC from a previous owner, the onus is on the purchaser to ensure that the previous owner has settled all outstanding maintenance and sinking fund charges, quit rent, insurance, water charges and late payment interest. If there is any amount due by the previous owner after you have completed the purchase transaction than it is deemed to be your liability and you are obliged to pay. The PMO/JMC has no authority to waive the amount due and has no legal rights to recover the sum from the previous owner.
Dated: 29 May 2013
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