JMB/JMC Condominium, Apartment & Residential

The rapid development of strata title properties in Malaysia, driven by the scarcity of land for development, underscores the importance of effective management and maintenance. Under the Strata Management Act, a statutory body, known as a Joint Management Body (JMB) or Management Corporation (MC), is mandated to oversee and maintain subdivided buildings and common property in strata developments, including condominiums, apartments, offices, and shopping malls. Among their statutory duties, ensuring adequate insurance coverage for the building is paramount.