JMB / MC
JMB or Joint Management Body is established under section 17 of the Malaysia Strata Management Act 2013 upon bringing together the first annual general meeting by the developer.
Property Management of a strata scheme development is always technically challenging, especially for new developers, building managers, managing agents and new strata owners in Joint Management Bodies (JMB) and Management Corporations (MC). In Malaysia, the Strata Management Act 2013 (SMA), Strata Management (Maintenance & Management) Regulations 2015 and Strata Titles Act 1985 (STA) regulate the management and maintenance of strata scheme developments.
Guides and more information about JMB and Property Management in Malaysia
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Get Reliable Services of Property Management
Various type of services for JMB includes management of buildings from single residential unit to a property portfolio consisting of various types of property to optimize the capital appreciation and maximize the investment return.
Recommended 5 Tasks of Property Manager in Building Management
The important tasks undertaken by the appointed Property Manager at JMB is to set up a systematic approach for building management and maintenance of building.
Strata Management Act 2013
The Strata Management Act 2013 (SMA 2013) is the legislation which governs the maintenance and management of residential strata properties, such as apartments, condominiums, flats, townhouses, and landed strata properties in gated and guarded developments, and commercial strata properties.
The act applies only to Peninsular Malaysia and the Federal Territory of Labuan.
Pursuant to SMA 2013, regulations known as the Strata Management (Maintenance & Management) Regulations 2015 (SMA Regulations) are made to better carry out the provisions of SMA 2013. The regulations, which may include, but are not limited to, providing for proper standards of maintenance and management in respect of buildings, common property or limited common property.
By-laws for regulating the control, management, and administration, use and enjoyment of the strata property and common property are prescribed under the Third Schedule of the SMA Regulations.
JMB and the strata property owner is advised to become familiar with all these by-laws.
It is important for JMB and their residents become aware of and understand their rights and obligations as a strata property owner.
Top 8 Usage of Charges and Sinking Funds
JMB or MC will ensure that Collection and Usage of Charges and Sinking Funds is always complied with Strata Management Act 2013.
What happens when a Property Manager takes over a JMB of Strata Management?
There are 7 important areas of management that needs the attention of a new property manager.
Why JMB for Strata Management must have updated accounts?
Property manager would be worried about such situation of unable to get the accounts balanced, missing funds and unaccounted for money.
Frequently Asked Questions
Property Management in Malaysia FAQ
What is the duty and power of the Joint Management Body? How often should Joint Management Body convey a meeting?
It is important that a resident becomes aware of and understand his rights and obligations as a strata property owner. This will enable them to participate in and take responsibility for the maintenance and management of the strata building and common property in the development, together with other like-minded owners.
Common property includes areas like the corridors, lifts, stairways, lobby, gardens, pool areas, gymnasium and access roadways. Pengurusan Strata means strata property management in Malay. Read the popular frequently asked questions.
Malaysia Strata Management Act 2013 FAQ
What is Strata Management Tribunal?
Strata Management Tribunal is consisting of members appointed by the Minister of Housing Ministry.
Who is Commissioner of Buildings (COB)?
The COB is attached to the local authority such as town council or city council. Its man role is to enforce the provision of Strata Management Act 2013.
What are the typical disputes referred to the Strata Management Tribunal? What is the Jurisdiction of Strata Management Tribunal? What is Share Unit in Strata Management? Read the popular frequently asked questions.
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