Blog

Feb
10

WHAT DO WE DO FIRST?

Selecting a Management Rights business should not be a quick decision. It is important to research and discuss your circumstances with people who know and understand the industry.

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Apr
16

OFF THE PLAN OR EXISTING BUSINESS?

Most people like the relative certainty that comes from buying an established business. This goes for both the business and the building. On the other hand, purchasing Management Rights “off the plan” allows you to use your skills to develop the business from its very beginning.

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Mar
12

WHERE DOES THE MONEY COME FROM IN THIS BUSINESS?

Each business will be different with many different variables including the size of the complex, number of units in the letting pool and the duties required by the Caretaking Agreement.

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Feb
06

HOW DO WE CHOOSE THE ‘RIGHT’ MANAGEMENT RIGHTS?

Management Rights offers excellent opportunities for people of all ages and situations. There are many types of Management Rights businesses and it is definitely not a case of “one size fits all”.

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May
06

HOW DO YOU VALUE THESE BUSINESSES?

There are two components to your Management Rights purchase: Unit Value | Business Value

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May
06

SMART QUESTIONS YOU MUST ASK WHEN BUYING A MANAGED RIGHTS BUSINESS

What is the net profit of the business? How big is the letting pool? How many years are left on the agreements? What is the body corporate remuneration? Is the office on title or is it “Exclusive Rights” over common property etc...?

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Apr
28

How To Kill A Business Sale

HOW TO KILL A BUSINESS SALE

I have often been involved in transactions where the seller gave the impression of making it difficult for the buyer to do perfectly reasonable investigations.

In a recent matter, the buyer wanted 14 days to do a few checks on the business. The seller agreed, but only allowed a 7 day period. The buyer felt he needed at least another week, given the nature of the enquiries and the distinct possibility they would not be answered within the 7 day period.

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Apr
28

THE CHANGING FACE OF MANAGEMENT RIGHTS SALES

Management rights, like all industries, change and evolve over time. One of the biggest changes in recent years is changes to the sale process itself.

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Oct
19

FINANCE DEEDS IN NSW

In Queensland, the “Gallery Vie” decision continues to cause significant problems when it comes to the sale or refinancing of management rights.

 

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Oct
19

DO YOUR LETTING APPOINTMENTS COMPLY?

In New South Wales there's no standard form for an Appointment to Let for short term lettings.

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Management Rights Articles

  • PURCHASING MANAGEMENT RIGHTS?

    Whilst a Management Rights business can offer attractive lifestyle alternatives, the purchase process can be littered with financial and legal pitfalls; this can be daunting for the first time buyer.

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