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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Feb
10

BEING AWARE OF YOUR RIGHTS AND RESPONSIBILITIES

Every resident building manager in NSW should have a copy of the booklet issued by the Department of Fair Trading titled “Strata Living”. If you live in a community titles scheme, then you should obtain the booklet titled “Living in a Community Scheme”.

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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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Aug
22

ACCOUNTING MATTERS

It is extremely important that a purchaser of a business involved in the hospitality industry should seek taxation advice as to the best way in which the business should be acquired.

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Nov
30

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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Feb
06

LICENCE REQUIREMENTS

As you will be collecting rent for your investor owners you will need a Resident Letting Agent’s Licence (Queensland) or an On-Site Resident Property Manager’s Licence (NSW) to own and operate Management Rights.

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Oct
15

NOT GETTING THE FUNDAMENTALS RIGHT

A recent decision of the NSW Consumer, Trader and Tenancy Tribunal (CTTT) highlighted the importance of ensuring that the fundamentals are right when entering into Management Rights agreements.

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Sep
17

THE DIFFERENT TYPES OF CARETAKING AGREEMENTS

Essentially, there are three types of caretaking agreements in the marketplace: “Do” agreements | “Supervisory” agreements | Hybrid “Do” and “Supervisory” agreements.

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Jul
15

SHORTCUTTING THE ASSIGNMENT PROCESS

Different States have different requirements when it comes to obtaining Body Corporate consent to the assignment of Caretaking and Letting Agreements.

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Management Rights Articles

  • 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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