"The joint management body shall not enter any contract relating to the maintenance and management of any building or land intended for subdivision into parcels and the common property in the development area for any period exceeding twelve months."
To comply with regulations, JMBs can sign contracts with an auto-renewal clause on a 1+1+1 basis. Conversely, Management Corporations (MCs) face no such restrictions and can directly sign a 5-year contract, which can be auto-renewed for an additional 5 years.