Strata Title Act 1985 and Amendments

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What is the main purpose of the Strata Title (Amendment) Act 2013?

To facilitate the management of common areas and facilities

To establish a Strata Titles Board to hear disputes

To amend the National Land Code

To bring significant changes to the legal landscape of strata title developments and common property management (correct)

What is required for the subdivision of land and issue of strata titles?

Approval from the National Land Code

Application by the original landowner or property developer (correct)

Formation of a management corporation

Application to the Strata Titles Board

What is the role of a management corporation in a multi-density development?

To collect financial contributions for the maintenance of common areas and facilities (correct)

To represent strata unit owners in court

To manage the sales of strata units

To resolve disputes between strata unit owners

What prevails in the event of inconsistencies between the Strata Titles Act and the National Land Code?

The National Land Code Signup and view all the answers

What is the purpose of the Strata Titles Board?

To hear and determine disputes under the Act Signup and view all the answers

What is the consequence of the Strata Titles (Amendment) Act 2013?

Significant changes to the legal landscape of strata title developments and common property management Signup and view all the answers

What is the purpose of the undertaking to inform the assignee in the event of foreclosure proceedings?

To ensure the assignee's rights are protected in case of foreclosure Signup and view all the answers

What is the purpose of the declaration to have no further rights, title, or interest in the assigned property?

To extinguish the developer's FI's interest in the property Signup and view all the answers

What is the purpose of the undertaking to execute a discharge of charge over the assigned property?

To enable the assignee to take a first legal charge Signup and view all the answers

What is the purpose of the undertaking to refund monies released by the assignee to the chargee?

To refund monies released in the event of unsuccessful registration Signup and view all the answers

What is the purpose of the letter of undertaking from the purchaser's solicitors?

To deliver a duly adjudicated and stamped memorandum of transfer Signup and view all the answers

What is the significance of the individual/strata document of title in relation to the assigned property?

It enables the assignee to take a first legal charge Signup and view all the answers

What is the main purpose of the Strata Titles Act 1985 extension to Labuan?

To extend the provision of Strata Titles to the Labuan region Signup and view all the answers

What is the purpose of the Electronic Land Administration System of Strata Titles?

To provide for the electronic administration of strata titles Signup and view all the answers

What is the consequence of not executing transfer documents of ownership of strata titles within the timeframe?

The Land Administrator or Director may extend the timeframe Signup and view all the answers

In what stage is the application for subdivision required to be made?

At the super structure stage Signup and view all the answers

What is the purpose of the designation of limited common property?

To represent the different interests of parcel proprietors Signup and view all the answers

What is the timeframe for the execution of transfer documents of ownership of strata titles?

Thirty (30) days from the date of issue by the Land Administrator Signup and view all the answers

Strata Title Act 1985 and Amendments

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