A brief understanding of Joint Management Body(JMB) is as follows:
The JMB is a body corporate, consisting of the developer and purchasers. The JMB has a common seal and can file lawsuits and be sued in return.
Formation of a JMB
The JMB-PELANGI DAMANSARA D-F is formed during the first meeting when the developer and purchasers convene on 15th March 2008. On 17th July 2008 we were notify by our JMB-PELANGI DAMANSARA D-F that Hokawai & Associates was retained as our property manager with effect from 1st October 2008. Our first chairman is Cik Sharinah Yahaya.
Building and Common Property (Maintenance & Management) Act 2007 (Act. 663) |
The JMB’s responsibilities include:
- Maintaining the common property and keeping it in a state of good and serviceable repair
- Determining and imposing any charges that is necessary to carry out repairs and maintenance on the common property
- Insuring and renewing the insurance for the building (in the amount of the value of the building) against fire and any other risks
- Using monies received from insurance claims (from damage to the building) to repair or rebuild the building
- Complying with notices or orders from local authorities, whether it’s addressing any nuisance on the common property, or any repairs or improvements that need to be done to the property
- Preparing and maintaining a register of all the purchasers in the building
- Ensuring that the Building Maintenance Fund (BMF) account is audited
- Providing audited financial statements to the purchasers for their information
- Enforcing house rules for the maintenance and management of the building
- Doing anything else that is necessary to properly maintain and manage the building
The JMB’s powers include:
- Collecting maintenance & management fees from purchasers in the amount applicable to the purchasers
- Authorizing expenditure on any maintenance and management of the common property
- Collecting any sum owed to the JMB from the purchasers
- Procuring any items for all purchasers to enjoy on the common property
- Arranging and securing the services of any person/agent to undertake the maintenance and management of the common property
- Setting up house rules for the maintenance and management of the building
- Doing anything else that is necessary for it to carry out its duties under Act 663
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