What is a management corporation MC) and what are the MCs duties?
Ans : A management corporation (MC) is a legal body constituted under the Land Titles (Strata) Act (Chapter 158). The body comprises all subsidiary proprietors (owners are called subsidiary proprietors under the said Act) of the development and is formed to allow subsidiary proprietors to make decisions on and take charge of the affairs of the development with minimal interference from the authorities. The duties of the MC are numerous and generally these are for the control, administration, maintenance and management of common property for the benefits of all subsidiary proprietors. The MC for example convene meetings to gather consensus on matters of concern, collect charges from subsidiary proprietors and operate the maintenance and sinking funds to ensure that the buildings and common property are always kept in a state of good and serviceable repair, proper and clean condition. The MC may also delegate its powers, duties and functions to a managing agent as provided in section 68
