Introduction to Joint Management Body (JMB)

Welcome to Joint Management Body.

The Building & Common Property (Maintenance & Management) Act 2007 (Act 663) was enacted by the Malaysian government recently for the proper maintenance and management of buildings and the common property, after delivery of vacant possession of the premises to the purchasers but before the Management Corporation is formed. This new law came into force on April 12, 2007. It applies to Peninsular Malaysia and the Federal Territory of Labuan.

The JMB must be formed after 12 months delivery of vacant possession.

What is JMB?

JMB is a corporate body, having a common seal comprising of the developer and/or their Developer representative and together with the purchasers to undertaken the Joint Management of the building and common property.

What are the duties of JMB?

 The duties of JMB are as below:

 a) Maintain the common property and keep it in good serviceable repair;

 b) Determine an impose charges for maintenance of common property;

 c) Insure the building;

 d) Comply with notices and orders by local authorities;

 e) Prepare and maintain a register of all purchasers;

 f) Ensure that the Building Maintenance fund is audited and provide financial statement to purchasers;

 g) Enforce House Rules;

 h) Consists of 5 to 12 elected purchasers and developer;

What are the duties of developer?

Duty of Developer is to convene the first meeting of Joint Management body within 12 months from the date of VP;

Agenda for the 1st Meeting of JMB

 a) Election of Office Bearers of the Committee (under JMB)

 b) Confirm taking over of insurance effected by developer

 c) Determine amount of maintenance fund

 d) Determine rate of interest for late payment charges

 e) Any other matters on maintenance and management of the building and common property.

The powers and duties of the JMB

8. (1)(c) to insure and keep insured the building to the replacement value of  the building against fire and such other risks as may be determined by the Body;

8. (1)(d) to apply insurance moneys received by the Body in respect of damage to the building for the rebuilding and reinstatement of that building;

8. (3) The Body shall be deemed—

 (a) for the purposes of effecting any insurance under paragraph (1)(c), to have an insurable interest in the building equal to its replacement value or any value as determined by the Body; and

 (b) for the purposes of effecting any insurance under paragraph (1)(d), to have an insurable interest in the subject matter of the insurance.