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Using maintenance fees for other purposes


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2 hours ago, BobBKK said:

I disagree - go to the land office

As previously mentioned, there are only two options to apply for a JP. LDA Section 44 with the Developers support when the Developer is discharged from maintaining the common facilities at his request and Section 70 without the Developers support when the Developer fails to maintain.

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4 hours ago, malcolminthemiddle said:

As previously mentioned, there are only two options to apply for a JP. LDA Section 44 with the Developers support when the Developer is discharged from maintaining the common facilities at his request and Section 70 without the Developers support when the Developer fails to maintain.

How many times are you going to post that when several posters have told you it is incorrect?

 

You paid the fees.  They are not yours anymore and never will be.

 

 

Waisting time here.  Should be working with your neighbor home owners but easy to see why that may not be happening.

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Thanks to all that contributed to this topic.

 

The conclusion is that subject to legal advice, Land Department accounting rules, Consumer Protection Act and the Buy and Sell Contract there is an argument that maintenance fees shall be spent only on their intended purpose and surplus maintenance fees paid pre-JP shall be rolled-over and included in the asset account and transferred to the JP at the time of hand-over.

 

If anyone can provide a specific reference, the OP question remains open.

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