Challenges in Acquiring Assets in Strata Development
The training “Challenges in Acquiring Assets in Strata Development” is designed to address the complexities and intricacies involved in acquiring and managing strata assets. Strata development presents unique challenges, including understanding the different types of property ownership, management entities, and the legal and practical considerations necessary for successful acquisition and management. This training aims to equip participants with the knowledge and skills needed to navigate these challenges effectively.
1. To understand the fundamental concepts of strata development, including ownership, management, and property classification.
2. To identify and analyze the key challenges in acquiring strata assets.
3. To develop practical skills for conducting pre-acquisition due diligence.
4. To comprehend the legal frameworks governing strata properties and their implications for asset acquisition and management.
5. To apply knowledge of strata development to real-world scenarios, ensuring informed decision-making and effective asset management.
Suitable for departments that involve in buying built strata development and management.
1. Lectures and Presentations
2. Case Studies
3. Group Discussions
4. Practical exercises
DAY 1
• Module 1: Ownership VS Management
• Module 2: Main Parcels VS Accessory Parcels VS Common Property
• Module 3: Limited Common Property
• Module 4: Per Square Feet to Share Unit
• Module 5: Service Charge VS Sinking Fund
• Module 6: Contribution VS Control
• Module 7: Management Entities
DAY 2
• Module 8: Pre-Acquisition Due-Diligence
• Module 9: Prescribed By-Law, Deed of Mutual Covenants (DMC) and House Rules
• Module 10: Design, Layout, Subdivision and Strata Title Application
• Module 11: Usage, Permitted Changes and Updates
• Module 12: Creation of Limited Common Property
• Module 13: Alteration Post Issuance of Strata Titles
• Module 14: Contribution and Practical Control
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