Strata Title Car Park Malaysia

Accessory parcel in strata development.

Strata title car park malaysia. The strata titles act 1985 which was recently amended and gazetted on the 1 st december 2001 is the existing legislation governing stratified properties. Do i own only my unit or the common properties as well. I am afraid the law cannot let you to do that. The malaysian strata titles legislation owes its origin to the conveyancing strata titles act cap.

Like a will the absence of a strata title is usually not felt until you need to dispose of your property. Different from the individual title strata title issued to units of the property that come with common facilities such as swimming pools car parks and clubhouses which are shared by all the residents. Here are the reasons why. Under the strata title act the developer of the property is required to apply for strata titles on behalf of the purchasers.

S 69 strata title act 1985 states that. These are instances whereby a purchaser acquires a parcel by entering into a sale. For the uninitiated a strata title is the document that states the ownership of a strata property. In malaysia developers that wish to construct and sell high rise building projects must refer to the strata titles act.

Can i sell my car park attached to strata title as accessory parcels. The strata title is one of the three forms of land titles used in malaysia the other two being the master title and individual title. 277 1970 which itself was modeled on the new south wales legislation. The car park bays stand as individual units in a subdivided building and are held under separate strata titles.

The simple process of selling a stratified unit could turn into a journey as impeding as the infamous bangkok traffic jam just because of the lack of a strata title. I have one unit of pent house. There are three car parks attached to the individual title as accessory parcels. A land title is the most important document that every homeowner should ensure they have in their possession.

The concept of strata title grew out of the development of the torrens system of title to land and was first introduced into malaysia by way of certain sections of the national land code 1965 which dealt with subsidiary titles. Generally you not only own your unit but you also co own the common properties such as lifts staircases foyers gardens car parks etc the size of your ownership on the common properties depends on the built up size of your unit. The strata title ownership is governed by the strata title ordinance 1995 the main piece of legislation in this area. Peninsular malaysia the federal territory of kuala lumpur and the federal territory of putrajaya 1 june 1985 p u.

Laws of malaysia act 318 strata titles act 1985 an act to facilitate the subdivision of building or land into parcels the disposition of titles and the collection of rent and for purposes connected therewith.