Share units in strata properties: A time bomb
YL Lum | 29 Nov 2019 00:30
People nowadays are better aware of the term ‘share unit,’ which is a very fundamental unit of measurement in
For the public, if it is not because they are billed monthly based on ‘share unit,’ many may still not be familiar with this term and still think service charges are being measured or billed on the basis of ringgit per square foot (RM/sq ft).
Probably a large majority of strata property owners, too, have no clue what a ‘share unit’ is or how it is being associated with their assets because many build- ing managements, when compelled by the authorities to comply with the law, move to bill owners on the basis of ‘RM per share unit’ - and that is when the problems start.
Download and read more in the latest issue of Focus Malaysia here: