Standard Property Management

Property Management Standard in MALAYSIA

In malaysia, as a property manager in property sector, we have to know the standard of property management in order to become a qualified, experienced and competant property managet in property management. 

These standard is important for a property manager to ensure that smooth and safe operations can be carried out from the property management. Because as the property built in Malaysia is getting more and more,thus it will provide ample of opportunities, jobs and space for recreational and socialise. Thus, property management sector is getting more competitive than before. These standard are a good guildline for property manager in property management.To ensure the adherance of workflow with the profesional property management.

Ｉn malaysia, property management is define as "the management, maintenance and control of any land, building and any interest therein, excluding maintenance and management of property-based business, on behalf of the owner for a fee."

"Board" who take care of property management in malaysia is known as the Board of Valuers, Appraisers and Estate Agents Malaysia

"Building Maintenance Account" means the property management account related to subdivided building or land that is opened and maintained by the developer for his completed building in development until Joint Management Body is established.

"Building Management Fund" means the property management account that related to an intented subdivided or land that is opened and maintained by Joint Management Body until the Management Corporation is established.

"Common Property" means the property management development area or lot, such as the structural elements of the building such as stairs, stairway, stairwell, entrances, exits and fire escapes, corridors, fixtures and fittings, refuse bins, drains, water tanks, wires, pipes, cables and ducts. It also include the exterior of all common parts of the building such as playing fields, recreational areas, driveway, car parks and parking areas, landscape areas, open spaces, walls and fences. AND all other facillities and installation of any part of the land used that enjoyed in common by all the occupiers of the building"

Thus, we can seens how widen of property management  knowledge is. It will be crucial when people asking these terms in property management sectors.