Practicalities of strata lease schemes in Malaysia

Abstract

This paper aims to review the implementation of the strata leasing concept in Malaysia. The study's objectives are to identify the legislations for developing strata lease schemes and determine the law supporting the strata leasing concept. Multiple case studies were conducted on all strata lease schemes in Penang. The finding shows several Malaysian laws required to develop and administrate strata lease schemes. The study proved that current legislation supports Penang's strata lease schemes effectively, and the true character of the strata lease scheme is identified as the result of the study.