Section 22I
Property management practice
of Valuers, Appraisers and Estate Agents Act 1981
Subject to the provisions of this Act, a registered property manager who has been issued with an authority to practise by the Board shall be entitled
40 Laws of Malaysia ACT 242
to practise his profession and shall be authorized to undertake property management practice.
(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.