Some of the rants from residents
JMBs – who’s monitoring them? They behave like a mini country, with a lord president residing over all matters of the residents (rakyat), an annual election, politics, they have borders, local police, local taxes and rules and regulations (laws).
Late payment of annual maintenance fees are charged an annual interest fee, with rates specified in the owner-developer residency 1000 page contract, signed in the year 1511. Location of individual contracts : unknown. Might be at Mama’s house, might be at Papa’s house. Which brings to the first question, are JMBs allowed to charge interest? Arent only licensed financial institutions allowed to charge interest? Yes, the contract, where is it? Is it in line with the governing laws of the country?
Next question, for major decisions concerning huge monetary commitments from owners, most JMBs use the AGM to get the final decision where people will obviously lobby for votes to favour their cause. Politics come into play where the numbers count so that the majority can oppress the minority. This is basic democracy rules. Majority will oppress the minority. And people with vested interest will rally their people to attend the AGM to get the desired results.
There is a case where the outcome of an AGM is that each owner are required to puke out blood and pay RM770 one time fee for the guard house upgrade which costs around RM300k. This decision is final and made during the AGM. And there is 10% annual interest on the RM770. Sounds a bit like oppression by the lord president and his hoodlums. The 10% interest, again, aren’t only licensed financial institutions allowed to charge interest? And for a decision this huge, shouldn’t a wider referendum be implemented rather than the normal AGM?
Main question persists, who is monitoring the mini countries (JMBs)? The relevant housing ministry : I can bet my last RM770 that they don’t even know about this, or have the will or process to implement any regulations. As for the local governments, they might have an idea about this. They should be a good point to start ranting to.