Power of Management Corporation – Singapore house for sale/ rent
SPs in the strata scheme have to pay contributions to maintain the common property. The management fund is for day-to-day recurrent expenses of maintaining the development. The sinking fund is a fund collected to provide for future major expenses such as painting of the common area. Singapore house for sale/ rent.The MC can recover any unpaid contribution through the Small Claims Tribunal or the Court. The MC can also register a charge on the lot for not paying. The MC can also pass additional by-laws on top of existing by-laws. Singapore house for sale/ rent.
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