condominium fees?

Old Oct 16th 2016, 8:03 am
  #16  
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Default Re: condominium fees?

I didn’t hear the “mat rempits” for at least half a year any more along Jln. Batu Ferringhi. I think they shifted their activities to the expressway near the bridge and police is getting tougher (Police blitz on mat rempit nets 121 in Penang - Videos | The Star Online) after they insured some cops Four cops injured after being rammed into by mat rempit group | Astro Awani
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Old Nov 29th 2016, 12:25 pm
  #17  
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Default Re: condominium fees?

So if I understood everybody correctly, if I rent I do not pay the condominium fees? The landlord does. Right?

What if the agent tells me I must pay the fees?

I dont wanna be taken advantage of.
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Old Nov 29th 2016, 12:54 pm
  #18  
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Default Re: condominium fees?

The normal is that fixed costs such as condo fees and taxes are the responsibility of the owner.
But the owner will of course calculate these when setting the rent.
The various consumption charges should be taken care of by the tenant.

The tenants in our condo (except short term stays for some months only) all I know of have this setup. The short term clients normally have everything included but then the rent will of course be higher.

If the agent tells you some other story, ask him why it is so and compare with other agents.
Anyway, at least in Penang it is the renters market.
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Old Nov 30th 2016, 12:11 pm
  #19  
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Default Re: condominium fees?

@Jorbobean, what fees specifically are you referring to? Monthly fees after you've moved into a condo? Or initial fees when you sign a rental agreement?
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Old Dec 1st 2016, 11:42 am
  #20  
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Default Re: condominium fees?

I meant monthly fees. Just want to make sure we are not taken advantage of as was in Johannesburg.

Thanks!
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Old Dec 1st 2016, 12:39 pm
  #21  
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Default Re: condominium fees?

Originally Posted by Jorbobean
I meant monthly fees. Just want to make sure we are not taken advantage of as was in Johannesburg.

Thanks!
In Malaysia when it comes to a Tenancy Agreement everything is negotiable. There is no standard agreement. But it is normal that the landlord / owner / proprietor (not the tenant) pays the following in relation to his condo:

1. The 'Charges'. This is a monthly fee that all owners in the condo pay that covers the day-to-day running costs - such as Managing Agent Fees, Security, electricity costs for the common property areas, gardening etc.

2. The 'Sinking Fund Contribution'. This is also a monthly fee that all owners in the condo must pay by law, generally equivalent to 10% of the service 'Charges' and is used for larger Capital Expenditure such as lift replacement, Common water tank replacement, painting the building etc.

If you are asked to pay either of these, that would be 'unusual' and you should demand the equivalent reduction in the rent!

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