Malaysia legislation
Section 25
of Act 663
Section 25
(a)
a situation under subsection 6(7) occurs; or
(b)
the Commissioner is satisfied, after due inquiry has been carried out by him or a person appointed by him, that the maintenance and management of a building is not carried out satisfactorily by the developer or the Body, as the case may be, the Commissioner may appoint, by a written notification, one or more persons to act as managing agent to maintain and manage the building for a period to be specified by the Commissioner.
(2)
A managing agent appointed under this Part shall enter into a management agreement with the developer or Body to carry out the duties and powers of the developer or Body as provided for under this Act.
(3)
The managing agent shall be entitled to be paid such remuneration or fees as may be agreed upon between the managing agent and the developer or Body with the concurrence of the
Commissioner, and such remuneration or fees shall be charged to the Building Maintenance Account or Building Maintenance
Fund, as the case may be.
Independence of managing agent