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- Each owner shall pay for the initial payment including
the necessary deposit and charges provided in the
terms of Deed of Mutual Covenant upon handover of
unit. Our company will issue the official receipt
for your retention.
- The following deposits are transferable under the
terms of the Deed of Mutual Covenant in the change
of the ownership :-
- Management Fee Deposit
- Public Utilities Deposit
- Air-conditioning Charges Deposit
- Car Parking Management Fee Deposit
- Special Fund / Sinking Fund
- Each owner shall pay to the Building Manager on
due dates, normally on the first calendar day of each
month, his share of the management shares as provided
in the Deed of Mutual Covenant.
- Payment Methods :-
- Auto pay
- Pay to the management office by cash or by cheque
- By mailing the crossed cheque to the management
office together with the remittance advice
- To drop the crossed cheque into the collection
box situated in the management office
- Ways of payment through Auto pay :-
- You may obtain the auto pay authorization form
at the management office;
- You need to send the original completed form
to your banker and the copy to our company for
processing.
- A notification letter wrote by our company would
send to inform you the effective date.
- All amount of payment will be listed in your
bank statement or passbook monthly. No official
receipt will be issued;
- Our company will notify you the reason of rejection,
if the payment is invalid. You are also advised
to recover the payment by cheque or by cash in
due course.
- Each owner shall be responsible for the contribution
of management expenses attributable to the management
shares / undivided shares of the units owned by them.
Our company will take the necessary action against
the late payment or unpaid owners by the following
procedures :-
- To charge the late payment interest approved
by the Deed of Mutual Covenant;
- To take legal action for recovery;
- To register the Memorandum of Charges of relevant
units in the Land Registry;
- To sell the relevant units through the public
auction for redemption.
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