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Building Maintenance and Strata Management Act Singapore A Guide for Owners and Residents

The Building Maintenance and Strata Management Act (BMSMA) is the law that governs the maintenance and management of strata properties in Singapore. This presentation will discuss the key provisions of the BMSMA, your rights and responsibilities as an owner or resident, and how to manage your strata property effectively.<br>

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Building Maintenance and Strata Management Act Singapore A Guide for Owners and Residents

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  1. Building Maintenance and Strata Management Act Singapore: A Guide for Owners and Residents Your guide to the BMSMA and your rights and responsibilities as an owner or resident Presented by Premier Property Consultancy

  2. Introduction The Building Maintenance and Strata Management Act (BMSMA) is the law that governs the maintenance and management of strata properties in Singapore. What is the BMSMA? The BMSMA is a comprehensive law that covers all aspects of strata management, from maintenance and repairs to budgeting and finance. The BMSMA also sets out the rights and responsibilities of owners and residents, as well as the roles and responsibilities of the management corporation (MC) and the managing agent.

  3. Key provisions of the BMSMA The BMSMA sets out a number of key provisions, including: The formation of a management corporation (MC) The appointment of a managing agent The maintenance and repair of common property The collection of maintenance fees The conduct of annual general meetings (AGMs) The resolution of disputes Your rights and responsibilities as an owner or resident

  4. As an owner or resident, you have a number of rights and responsibilities under the BMSMA. Your rights include The right to vote at AGMs The right to inspect the MC's books and records The right to challenge decisions made by the MC 1. 2. 3. Your responsibilities include: Paying your maintenance fees Complying with the MC's rules and regulations Keeping your property in good condition 1. 2. 3.

  5. How to manage your strata property effectively? There are a number of things you can do to manage your strata property effectively. These include: 1. 2. 3. 4. Getting involved in the MC Choosing a reputable managing agent Ensuring that your maintenance fees are paid on time Keeping your property in good condition

  6. CONCLUSION The BMSMA is a complex law, but it is important for owners and residents to understand their rights and responsibilities. By understanding the BMSMA, you can help to ensure that your strata property is managed effectively and that your interests are protected

  7. CONTACT US Premier Property Consultancy Pte Ltd 538 Geylang Road, #02-09, The Arizon, Singapore 389493 +65 6741 2885 mail@premierproperty.com.sg www.premierproperty.com.sg

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