Duties of the joint management body
- (a) To properly maintain the common property and keep it in a state of good and serviceable repair.
- (b) To determine and impose charges that is necessary for the repair and proper maintenance of the common property.
- (c)To insure and keep insured the building to the replacement value of the building against fire and such other risk as may be determined by the body.
- (d) To apply insurance moneys received by the body in respect of damage to the building for the rebuilding and reinstatement of the building.
- (e) To comply with any notices or orders given or made by the local authority or any competent public authority. To prepare and maintain a register of all purchasers of the building.
- (f) To ensure that the building maintenance fund is audited and to provide audited financial statements for the information of the purchasers.
- (g) To enforce house rules (see sec 8(1)of the Act).
This preview is an excerpt from the following publication. this publication for access to all the commentary and precedents.
Sale of Real Property - Step by Step Guide & Precedents
by By Lawyers For Lawyers author - Jayadeep Hari & Jamil
Overview
This step by step guide provides a comprehensive directory and convenient precedents which will help ensure a smooth and easy property sale.
This publication will guide you from the point of negotiation straight through to transfer of title. The guide includes practical commentary ensuring that no issues are overlooked together with a broad range of precedents.
All matters are covered including;
- Land Title Searches
- Bankruptcy Searches
- Essential preliminaries for property with OR without title
- Caveats
- Strata Title Act 1985
- Finalisation
This guide is written by lawyers for lawyers and consequently it is practical, efficient and easy to use.