Check out these respective events and programmes and learn more about managing your estate today.
Strata Property Management 101 is a training programme that will provide fundamental knowledge on Strata Properties, Strata Management Processes and the Roles & Responsibilities of the vested parties. The programme comprises of the following six modular courses to facilitate learners to choose a course/s which they have a direct vested interest in and the flexibility to choose other course/s which they may wish to know more about.
COURSE 1 on 06 MAY 2023 COURSE 2 on 24 JUNE 2023
NOW OPEN FOR REGISTRATIONS, please contact Ken/ Gary @ 6563 4166
COURSE 1: STRATA PROPERTIES & STRATA PROPERTY MANAGEMENT
COURSE CONTENT
1. Concept of Strata Properties & Strata Property Management
1.1 Single Use & Different
1.2 Single Use & Mixed Use
1.3 Management of Common Property
2. Legislations Governing Strata Properties
2.1 Land Titles Strata Act (LTSA)
2.2 Building Maintenance and Strata Management Act (BMSMA)
- Vested Parties
- Definitions
- Commissioner of Buildings
- Strata Titles Board
3. Share Value
- Significance & Representation
- Share Value Determination
COURSE 2: ROLE AND RESPONSIBILITIES OF THE DEVELOPER
COURSE CONTENT
1. Before MCST Registration & MC Constitution
1.1 Management of Development
1.2 Establish & Manage Maintenance Funds (MF)
1.3 Manage & Maintain Common Property
1.4 Accountability for Maintenance Funds
2. After MC Constitution to First AGM: Initial Period
2.1 Financial Procedures for MCST Established Maintenance Funds
2.2 Play Role of MC as Trustee & Observe Restrictions on MC
2.3 Convening of First AGM
3. After First AGM: Handover to MCST
3.1 Delivery of Documents
3.2 Prepare & Place Annual Budget for Approval
3.3 Other Aspects: Arrange Independent Condition Survey of Common Property Prior to Handover
COURSE 3: ROLE AND RESPONSIBILITIES OF THE MANAGEMENT CORPORATION
COURSE CONTENT
1. Preamble: Management Corporations (MCs) & Sub-MCs in Two-Tier Strata Developments
2. Manifold Duties MCs & Sub-MCs in Two-Tier Strata Developments
2.1 Record Keeping, Maintain Strata Roll & Provide/Supply Information
2.2 Financial Management / Accounting & Compliance with Auditing Requirements
2.3 Convene Meetings & Keep Records in Connection
2.4 Management, Maintenance and Defects Management
2.5 By-Laws: Enforce, Make, Amend, Add or Repeal
2.6 Approve Improvements & Additions to Lots
2.7 Handle Complaints/ Feedback/ Disputes
2.8 Receive Summons/Legal Process/Other Documents Served
2.9 Repeal Terminate MC
COURSE 4: ROLE AND RESPONSIBILITIES OF THE MANAGEMENT COUNCILS & COUNCIL MEMBERS
COURSE CONTENT
1. Composition of Council & Office Bearers
2. Eligibility Criteria & Election of MC Council
3. Duties of Office Bearers
4. Rights & Conduct Required of MC Council Members
5. Vacation & Removal: MC Council Member & Office Bearer
6. Check & Balance Restrictions on MC Council
COURSE 5: RIGHTS & RESPONSIBILITIES OF SUBSIDIARY PROPRIETORS (SPS) MORTGAGEE IN POSSESSION & LESSEE/OCCUPIER
COURSE CONTENT
1. Rights & Responsibilities of SPs
- Rights
- Responsibilities & Consequences of Failure to Observe Responsibilities
- Compliance/Observance of By-Laws
- Payment of Maintenance Contributions
- Maintenance of Lot & Exterior Features
- Inter-floor Leaks
- Compliance with Notice/s Served by Public Authorities in Relation to Lot
- Improvement & Alterations to Lots
- Notification to MCST for Change in Contact or Transfer of Property
- Installation of Safety Equipment
2. Responsibilities of Mortgagee in Possession/Lessee/Occupier
- Observance of By-Laws Use of Common Property & Lot
Date : Saturday, 1 April 2023
Time : 10am to 12pm (light refreshment will be provided)
Venue: Methodist Girls’ School, Auditorium (11 Blackmore Drive, Singapore 599986)
Speaker: Ms Rebecca Tan, PBM (Singapore International Mediation Institute (SIMI) Accredited Mediator)
Please kindly register your interest via following link by Monday, 27 March 2023, 2pm.