| Date | : | 29th October 2021 |
| To | : | Teega Parcel Owners |
| From | : | The Management |
Dear Valued Parcel Owners,
REF : COVID-19 FINANCIAL RELIEF PROGRAM
Refer to the matter above, please be informed that the Motion#5 was carried in the 4th Annual General Meeting.
Motion #5
Subject : Covid-19 Financial Relief – 3 months management fee waiver possible additional one month based on management operating P&L
“In light of the pandemic, all proprietor are suffering financially, to ease the crunch, it is proposed Teega to have a Covid-19 financial relief program that can be extended to a total of 4 months waiver subject to operational P&L. ie. proprietors will pre-pay 2 month per quarter to have the 3rd month of the quarter management fee waived.“
As confirmed and deliberated in the JMC Meeting No.2, the COVID-19 Financial Relief Program shall kick-start in January 2022 (Q1 2022).
Hence, for parcel owner who have paid advanced for Q1 (Jan’22, Feb’22 & Mar’22), the 3rd month(Mar’22) Charges shall be waived. Credit note shall be issued for the 3rd month waiver.
The program shall be extended to Q2(Apr’22, May’22 & Jun’22) & Q3 (Jul’22, Aug’22 & Sep’22). Kindly refer to Appendix 1 on the waiver calculation example.
If the Operational P&L permits, the JMC shall review again if the 3rd month waiver scheme can be extended to Q4 (Oct’22, Nov’22 & Dec’22).
For parcel owners who have paid advanced for 6 months or 12 months, the incentive of 3% and 6% respectively shall be applied as well. Credit note shall be issued for the affected waived months.
Should you need assistance or have any query, you can contact us at teega.general@teega.com.my or teega.general whatsapp contact number (+6017-981 7313).
Thank you for your attention.
Best Regards,
On Behalf of Badan Pengurusan Bersama Menara Teega
| Appendix 1 : Calculation Example : Suites Studio (Type S1) |
Motion #5 (extract from 4th AGM Meeting Minutes)
