The developer, JMB or MC need to open and maintain two type of accounts and all service payments from the buyer and owner will be debited into this account. Below are these two accounts :

• Maintenance Account
  The purpose of this account is to fund the administration expenditure in executing the task of monitoring, managing and administrating the joint-property such as tax payment, rate and insurance premium and any other obligation which is necessary. Under MC, the management fund group can also be used for investment but require approval in the general meeting; and
• The sinking fund account
  The purpose of this account is to fund the joint-property maintenance that requires a huge amount of expenditure such as painting in any part of the joint property, acquiring any movable asset for the joint usage or upgrading or replacing the fixture or fitting.

All accounts should be audited once a year by the professional auditor.