Vista Bay In-house Documents

22nd March 2012
Managing an apartment building is not only about talking and carrying out the work to sustain the building maintenance, but also talking about documentation work as well. These documentations cover a lot of matter ranging from invoices on the task carried out to cheques that need to be paid to vendors and from meeting minutes documents to the letters that bear the JMB seal. All these are important and none of them are being neglected in our persue of having the best managed property in Penang.

If the owner would be able to noticed, there are no confidential information regarding the building management fund as well as meetingminutes are put up for public viewing. Even on the notice board, we do not really reveal all this to the public except for recent AGM meeting minutes. This is because, we believe that a lot stranger coming in to our place and getting information about our building
and effect certain judgement in delivering service to our place such as giving a higher price when doing something for us. Knowing this, we try to avoid all the internal building matters to be revealed out to the public and when we are talking about public, we meant non-home owners.

Extraordinary General Meeting 2012(EGM - Financial Management)

21st March 2012
The management (JMC) has called for an EGM to address on a topic regarding the Financial Management of Vista Bay. Therefore, we hope that the residents (owners only) would be able to spare some time from
their busy schedule to attend this meeting. It is very important and a decision would need to be reached in order to move on with the process. The date and time of the meeting is stated below:

Date: 15th April 2012 (Sunday)

Time: 2.30pm

Vanue: VB Multi-purpose Hall

Duration: 3 hours - 4 hours

The agenda of the meeting will be discussed inside the forum as the topic of internal matter would not make public here. On how to proceed to get yourself into forum, please follow the link below:

Vista Bay Apartment Forum

Thanks for your cooperation.

Deed of Mutual Covenant

20th March 2012

Whenever one buys a piece of property where there are common facilities, such as security, social amenities and other areas that require the involvement of all unit owners, one will be requested to enter into a Deed of Mutual Covenant (DMC). This is done simultaneously upon the signing of the Sale and Purchase Agreement (SPA).

In layman's language, the DMC is an agreement of mutual undertaking between the developer and the purchaser. The contents vary from developer to developer, and they are distinctly separate from those in the SPA.

Unlike the SPA, the contents of DMC are not dictated by the Housing Development Act. The contents are purely clauses that spell out the mutual agreements/undertakings of both buyer and the developer. Many house buyers do not really pay attention or understand the details of what they are signing for. This is particularly so in cases where the buyers, to save cost, have not engaged their own lawyers but rely on the developers' lawyers who have prepared both the SPA and the DMC.

Some of these clauses one has to be wary of are as follows:

• Maintenance charges

This is where the clauses is invariably left open ended. Usually the agreed amount is valid for a set period (say two years). After that, it is likely to be increased by what is merely stated as 'a reasonable amount'. A lot of dispute have arisen from this 'reasonable amount', and buyers are holding the short end of the stick. Remember, you must understand what you are signing, and if you are not comfortable, ask questions to clarify.

Maintenance Fee

24th March 2011
It's that time again!!! We, as residents of Vista Bay Apartment would need to fork out money for maintenance fee which is being used to maintain our premise.

To those who pays every month, this reminder goes out to you as well because as long as staying in apartment or condominium is concern, paying maintenance fee is part and parcel of life in parcel living. In making the payment of maintenance fee as smooth sailing as possible, we, the Joint Management Committee of Vista Bay Apartment has decided to allow residents of Vista Bay Apartment to pay either Monthly, Quarterly, Half Year or even One Year period and all this payment is for months ahead instead of for previous months.

Some people might ask, what if they pay half year or even one year in advance, would they be getting rebates or discount? The answer is simple...... NO. Not to say we don't want to give you any discount or rebate for the huge payment, we do appreciate it but then, our expenses monthly does not give us rebate or discount when we pay one lump sum for one year.