2. Interpretation
In this Act, unless the context otherwise requires –
“accessory parcel” means any parcel shown in a strata plan as an accessory parcel which is used or intended to be used in conjunction with a parcel;
“allocated share units’ means the share units to be assigned to each parcel by a developer’s licensed land surveyor.
“Body” means the Joint Management Body established under section 4;
“building” means any object erected on the development area, and includes the common property of the building;
“Building Maintenance Account” means the Building Maintenance Account opened and maintained under section 16;
“Building Maintenance Fund” means the Building Maintenance Fund that the Body is required by section 22 to maintain;
“building or land intended for subdivision into parcels” means – | |
| (a) any building or buildings having two or more storeys in a development area and intended to be subdivided into parcels; and any land on the same lot intended to be subdivided into parcels to be held under a separate strata title or for which an application for subdivision has been made under the Strata Titles Act 1985 [Act 318]; or |
“Central Bank” means the Central Bank of Malaysia established under the Central of Malaysia Act 1958 [Act 519];
“Committee” means the Joint Management Committee established under section 11; “developer” means any person or body of persons (by whatever name described), who develops any land for the purpose of accommodation including accommodation for commercial and industrial use and includes the executors, administrators and successors in title and permitted assigns of such person or body of persons;
“local authority” includes any person or body of persons appointed under any written law to exercise and perform the powers and duties which are conferred and imposed on a local authority under any written law’ “local authority area” means any area in a State that has been declared by the State Authority to be a local authority in accordance with section 3 of the Local Government Act 1976 [Act 171];
“management corporation” means the management corporation established under the Strata Titles Act 1985;
|
“parcel”, in relation to – | |
| (a) a building intended for subdivision, means one of the individual units comprised in the building which (except in the case of an accessory parcel) is held or to be held under a separate strata title; and (b) a land intended for subdivision, means one of the individual units of land parcel; |
“property” means any land on the development area, and includes any building or part of a building that has been erected or is being erected on the land, and also includes a building or land intended for subdivision into parcels;
“purchaser” means the purchaser of a parcel;
“replacement value” means the value to replace the building in the case of fire or damage;
“sinking fund” means a special fund opened and maintained under section 24;
“subdivided building” has the meaning assigned to it by the Strata Titles Act 1985.
0 comments:
Post a Comment