On 9 September 2022, Mr. Lai Chee Hoe delivered a talk on the following critical issues concerning strata management from 9.00AM to approximately 12.45PM:
Duties and powers of the Developer during the Developer’s management period
• Duties of a developer
• What to do before delivering vacant possession
• Powers of a developer
• Restrictions imposed on the developer
• How to recover monies (charges or debt due)
• How to convene the first AGM of the JMB
• Whether a developer can amend by-laws
• Effecting handover from developer to JMB?
Ensuring proper use of funds from maintenance account and sinking fund
• Number of accounts a developer can open
• Whether a developer can open one account for each component
• Monies that should be paid into the maintenance accounts
• Moneys derived from renting out the alfresco area
• Moneys derived from advertisement boards
• What happens if the developer does not use funds in accordance with the law
Participants stayed back after the conclusion of the talk to glean further wisdom from Mr. Lai, who generously and kindly addressed follow-up questions.
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