Management Corporations in Malaysia Owning Strata titled Property under Malaysia's Strata Management Act 2013

Buying into a strata development can hold a certain attraction for many property owners. Many strata property owners are attracted to the community-style living, cost sharing of facilities, the prospect of a pleasant lifestyle with shared recreational and community facilities and the likelihood of increased security.

Strata property ownership and living however bring the responsibilities of self-management and shared decision-making through the management corporation which every strata property owner is a member of. The management corporation in turn holds funds on trust and administers significant financial assets on behalf of property owners. All management corporations have statutory duties and powers under Malaysia's strata laws. However, owners must be engaged to ensure that their investment, lifestyle and financial well-being are protected and enhanced when living in this form of housing. This book gives owners the tools to do that. It expresses in as plain a language as possible the meaning of the key provisions of the new Strata Management Act 2013.