GEORGE TOWN: Owners of condominium units, apartments and other stratified properties in Penang will need to pay quit rent directly to the respective district land offices from this year.
Previously, they used to pay the quit rent to their joint management bodies (JMBs) or management corporations (MCs).
Chief Minister Chow Kon Yeow said today the quit rent would now be known as “parcel rent” from January this year.
The fee will be based on the size of the property and “accessory parcel” (car park or motorcycle lot), he added.
Other states that have migrated to this system are Selangor and Melaka. Kuala Lumpur will follow suit next year.
The new system follows the requirement of a federal law concerning stratified properties and will help prevent mismanagement and overcharging of quit rent by JMB and MCs, it was reported.
Those who do not pay their parcel rent risk having their properties forfeited.
Chow said the deadline to pay parcel rent every year is May 31 and owners have up to Dec 31 to pay up. Those who pay late will be charged a 5% penalty.
However, these penalties would be waived this year since the Penang Land and Mines Office (PTG) does not have an updated database of the owners’ addresses.
Chow said, in the meantime, the PTG office will send the parcel rent bills next month through JMBs and MCs, who in turn will send them to respective owners.
Chow urged all strata-title owners to update their addresses online at etanah.penang.gov.my or head to the nearest land office.
Currently, there are 224,303 units with strata titles in 1,796 housing schemes.
Chow also said the state government had accumulated RM65 million in uncollected quit rent to date and urged defaulters to pay up.
Penang PTG director Akmar Omar said the total quit rent collected for stratified properties in 2018 was RM28,268. With the parcel rent system, it would be lesser at RM24,239, he added.
He clarified that the collection would be lower as the parcel rent does not take into account common areas in the calculations.
Before this, quit rent was calculated based on the size of the mother title or the main lot. The burden of paying quit rent was shared among the occupants of the entire apartment.
The quit rent was calculated by the respective JMBs and MCs and was payable directly to them and was included in their maintenance fees. - FMT
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