Strata Title Act 2013 Quiz

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

To oversee the construction of individual strata units
To resolve disputes between individual owners and the original landowner
To collect financial contributions for the on-going maintenance of common areas and facilities (correct)
To manage the sale of individual strata units to potential buyers

What is the name of the board established to hear and determine disputes under the Strata Act 1985?

Strata Titles Tribunal
Multi-Density Development Dispute Resolution Committee
National Land Code Board
Strata Titles Board (correct)

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

To increase the powers of the original landowner in a multi-density development
To introduce significant changes to the legal landscape relating to strata titles and common property management (correct)
To clarify the roles and responsibilities of management corporations
To reduce the number of strata titles issued to individual owners

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

Application by the original landowner or property developer (C) Signup and view all the answers

What prevails in the event of any inconsistencies between the Strata Act 1985 and the National Land Code?

The National Land Code (C) Signup and view all the answers

What is the purpose of the Strata Titles (Amendment) Act 2013 in relation to the National Land Code?

To ensure consistency with the National Land Code (C) Signup and view all the answers

What is the purpose of the undertaking to exclude rights, title, and interest in the assigned property?

To facilitate the issuance of individual/strata document of title (D) Signup and view all the answers

What is the consequence of the discharge of charge being rejected for registration by the land authority?

The assignee refunds monies released by the assignee to the chargee (D) Signup and view all the answers

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

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

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

To notify the assignee of foreclosure proceedings (A) 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 exclude the chargee's rights, title, and interest (D) 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 issuance of individual/strata document of title (D) Signup and view all the answers

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

To provide a framework for strata title management (B) Signup and view all the answers

What is the compulsory requirement for the original proprietor under the STAA 2013?

To apply for subdivision of a building or land at the super structure stage (C) Signup and view all the answers

What is allowed in the case of phased developments under the STAA 2013?

The issuance of a provisional strata title for a provisional block (A) Signup and view all the answers

What is the purpose of designating limited common property under the STAA 2013?

To represent the different interests of parcel proprietors (D) 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 (C) Signup and view all the answers

What is the term for the person to whom the land is transferred, according to Section 214 of the NLC 1965?

Transferee (B) Signup and view all the answers