Property360Digest E-MAGAZINE Issue#6 | Page 38

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for certain in trivial disputes as an alternative dispute resolution instead of the current courts of law . Not only going to Court is expensive it is also time-consuming . Does the Ministry have the manpower to enforce compliance ?
Perhaps , the RTA should incorporate the common terms and conditions already in use in most of the tenancy agreements in Malaysia with additions for better safeguarding of both the landlord and tenant . The RTA should strive to have standard terms and conditions for a tenancy agreement where the rights , duties and remedies are balanced between the landlord and tenant as well as the quantum of security deposits , tenure of tenancies and options thereof .
Landlord & Tenant Dispute Tribunal If the law is going to be passed , it is necessary to protect the interests and regulate tenancy practices of both landlord and tenant alike and the introduction of the RTA should provide a much needed solution to the problems in the tenancy segment . We suggest to have a quasi-court in the form of a ‘ Tenancy Tribunal ’
Last but not least , if there is seriousness in proceeding with the RTA , we suggests that close monitoring of landlords and tenants be carried out perhaps by a system to identify errant landlords and wayward tenants and making such information available to other landlords and potential tenants or rating landlords and tenants via a ‘ black-listing ’ / rating system / database to assist other landlords and potential tenants in their decision making before executing a tenancy agreement with any one landlord or potential tenant . Is the Ministry capable of undertaking the additional tasks ?
Compiled and edited by Gunaprasath Bupalan
This article is written by Datuk Chang Kim Loong , Hon . Sec-Gen of the National House Buyers Association ( HBA ), a non-governmental and not-for-profit Organization manned wholly volunteers . Their link : www . hba . org . my
PROPERTY360DIGEST E-MAGAZINE ISSUE # 6