PETALING JAYA (April 27): Are you a homebuyer who has been given the offer of free maintenance charges in your property development? He was delivering his talk, titled Creativity vs Sustainability: Buyers don’t be fooled at the EdgeProp.my Symposium on Excellent Property Management 2019 “Is your investment future-proof?” today. Accordingly, the developer must pay the maintenance charge to the JMB for the second and third year, after having lapsed the developer’s management period of the first year,” said Chang. The JMB is an entirely new set up, whether the fellow owners run it or they employ licensed property managers. He said that the developer will only cover the expenses of maintenance of common property during the Defects and Liabilities Period (DLP) where the major mechanical and electrical facilities are under free maintenance warranty by their manufacturer.

Source: The Edge Markets April 27, 2019 03:00 UTC