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Strata Title vs Individual Title Quiz

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Questions and Answers

Who is responsible for paying the management fees for strata properties?

The Joint Management Body (JMB)
The unit owner (correct)
The local authorities
The property developer

What is the purpose of the Strata Property Management Act 2013 Malaysia?

To ensure proper maintenance of common property in strata developments (correct)
To regulate the fees for high-rise building units
To oversee land office procedures for property registration
To determine the property developer's responsibilities

What is the duty of the Joint Management Body (JMB) as per the Strata Management Act 2013?

Appointing property developers for new projects
Collecting maintenance fees from the local authorities
Selling the common properties in a development
Maintaining, overseeing, and repairing the common property (correct)

What is deposited into the maintenance or sinking fund account under the name of the Joint Management Body?

Monies collected from tenants or strata owners (C) Signup and view all the answers

How is the individual management fee determined initially for strata properties?

By the property developer's discretion (D) Signup and view all the answers

What is the purpose of a deed of assignment in property transactions?

To transfer the rights, interests, and title to the owner's financier (A) Signup and view all the answers

When is a Strata Title required to be applied for by developers?

When sharing common facilities in a multi-storey building development (B) Signup and view all the answers

What happens when the Strata Title is issued for a property?

The owner is able to use the property as with an Individual Title (D) Signup and view all the answers

What type of properties are issued with an Individual Title?

Semi-D houses, terrace houses, bungalows, etc. (D) Signup and view all the answers

What form needs to be filled in the Malaysian National Land Code to sell a property?

Form 14A (B) Signup and view all the answers