Malaysia legislation
Section 22I
Section 22I
(2)
The property management practice referred to in subsection (1)
includes the following:
(a)
enforcing the terms of leases and other agreements pertaining to the property;
(b)
preparing budgets and maintaining the financial records for the property;
(c)
monitoring outgoings for the property and making payments out of the income from the property;
(d)
advising on sale, purchase and letting decisions;
(e)
advising on insurance matters;
(f)
advising on the opportunities for the realization of development or investment potential of the property;
(g)
advising on the necessity for upgrading the property or for the merging of interests;
(h)
managing and maintaining the building and facilities attached to the building; and
(i)
making or checking of inventories of furniture, fixtures, trade stocks, plant or machinery, or other effects.
Restriction on property management practice