What Does The Handover Means In Plain English???

Basically the obvious is that the security services as well as the maintenance and upkeep of the entire Taman Mutiara Puchong will be borne by the residents collectively.
Prior to handover the cost of security services was borne by Malton until handover scheduled on the 18th January 2008 as stipulated in the DMC/S&P (RA negotiated extension until March 2008) due to the fact that at that point in time Phase 3 perimeter chain fencing was not erected yet hence contractual obligation not fully met hence the justifiable extension in the handover date.
However with the sudden pullout as of 29th February 2008 by Malton discontinuing rendering the property management services the RA was caught by suprise and unprepared to a certain extent of making the necessary preparation to inform all residents of the impact to billing and collection, hiring another property management firm or actually running it on our own (lower cost factor)as well as to invite all residents to the RA's first AGM to deliberate more on the many issues and to get majority vote to pass some motion the RA will be tabling to address these issues for the betterment of all in TMP.
Currently the RA have appointed a few sub-committee to look into getting all these issues resolved by getting the necessary information to make the best and most informed judgement to benefit all in terms of lowering cost and at the same time ensuring better management of the community.
Certain laws and regulations have to be followed to incorporate a property management company and these law and regulations must be clearly understood prior to any commitment. The RA will receive the formal certification from the ROS latest by the 6th March 2008 (submission since 27th August 2007), 7 months process.......madness if you were to ask me.
After the said certification is out the RA will request for all necessary documentation needed for a formal handover i.e. audited accounts, blueprint of the development plans (need to know the piping layout and other important architectural information in case of pipe leakages and possible scenario involving the property), letters from local council MPSJ, TNB and TMB of official completion of handover by developer to them etc.
The RA is also required by law to have a bank account opened and once we have completed the official handover with all of the above fulfilled and certified the said deposit currently being held by the developer will be handed over to the RA to maintain as the security deposit and to be used only as a security in case of instances where there is a shortfall of funds to pay for the monthly expenditure to upkeep TMP or any other related expenditure which may crop up that could require emergency use of funds etc. The biggest challenge I can foresee is achieving 100% collection from all house owners to contribute the proposed new management fee and sinking fund rate.
The RA is currently studying the various implementation approaches as well as educational campaigns to educate all residents about the importance of compulsory contribution to enable to continue the quality of life in TMP and to improve the standard of living in TMP to a higher level with further enhancements of facilities and security to rival even LakeEdge YTL.
At the end of the day all residents/owners have to play their part to ensure the harmony and success of TMP as a community by making sure TMP have enough funds to finance all endeavors to boost the standard of living well into the future.
NOTE:
MARCH 2008 Security Fees (approx RM 18,500) will be taken out from the security deposit currently held by Malton)so it is still "FREE" for now.
IMPORTANT:
Please be advised that all residents will have to start as of 1st April 2008 to contribute to paying the management fee and the sinking fund (Amount to be tabled in the AGM) which we will inform very soon.
Please lend us a hand if you can and assist the RA in any way possible to provide better delivery system to our fellow residents in TMP. Please kindly also take note that for all future correspondences kindly email to:
mytmpcommittee@gmail.com (tmp_committee@yahoo.com will cease to be used by 1st April 2008).
If you want to be a member of the RA please email to us as we need to increase our members base to allow the RA more resources to organize more activities for the entire community. Some possible activities are listed below:
Exercise Campaign: TaiChi, Qi Gong, Line Dancing, Mini Soccer Leagues, 3 on 3 Mini League etc open to more suggestions)
Greening campaign: Tree planting in the park and surrouding areas.
Recycling Campaign
Gotong Royong Cleaning Campaign (to clear the high tension area)
Dog Training and Agility (educate dog owners more on cleanliness in common area e.g. scooping the poo campaign)

NOTE:
Many more activities can be organized provided we have the resources of more volunteers. Like the saying goes the more the merrier. We need residents in TMP who cares and gives a damn about what goes on in the community and wants to contribute to make TMP a better place and a great community for all to enjoy.
We can make a difference if we work hand in hand to create a community living environment like no other, one that is caring, one that neigbours are not strangers and one that looks to give first without conditions and expectations.