Malaysia legislation
Section 23
of Act 663
Section 23
(2)
The apportionment of the charges to be paid by the purchasers shall be determined by the Body in proportion to the allocated share units.
(3)
Any written notice served on the purchaser requesting for the payment of the charges shall be supported by a statement of the charges issued by the developer or Body, as the case may be, stating in detail the categories of expenditure in respect of which charges are to be paid.
(4)
The purchaser shall, within fourteen days of receiving a notice under subsection (3), pay the charges requested for.
(5)
If the charges remain unpaid by the purchaser at the expiration of the period of fourteen days specified in subsection (4), the purchaser shall pay interest at the rate to be determined by the Body under paragraph 6(1)(d) but such interest shall not exceed 10 percent per annum.
Joint Management Body to open and maintain sinking fund