Do property managers
need to be registered
valuers and appraisers
in order to manage stratified
properties?
This RM64 million question
will be answered by
the Ipoh High Court next
Thursday when it decides
whether to rule in favour
of Superboom Projects
Permai Lake View Mgt Sdn
Bhd (SPPLV), a special-purpose
vehicle to undertake
administrative tasks of the
576-unit Permai Lake View
Apartments; or the few
property owners who are
refusing to pay the monthly
RM50 maintenance fee.
The property owners,
with the full backing of
the government’s Board
of Valuers, Appraisers and
Estate Agents (BVAEA), contend
that under the Valuers,
Appraisers and Estate Agents
Act 1981, only registered
valuers and appraisers are
allowed to manage properties
in exchange for a fee.
However, the plaintiffs
argue ....
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