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Management Rights Explained

Management Rights is a business that gives the resident owner of a lot, within a community living complex, the right to fulfill the role of Caretaker in order to operate a letting business of the units, within the complex, on behalf of non-resident owners.

Please check our Seminar Calendar for dates and venues

Jul
03

How Important Are Unit Entitlements?

HOW IMPORTANT are Unit Entitlements? 

Many people believe unit entitlements only exist to determine voting rights in the event a “poll” is called at a general meeting of an Owners Corporation.

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Apr
28

Fight For Your Extension

FIGHT FOR YOUR EXTENSION 

I have had a number of managers come to me very concerned their committee will not support an extension of their caretaking & letting agreements. They believe, if the committee does not support the “top-up”, any extension will not happen.

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Apr
28

BUILDING MANAGERS & COMMITTEES

Legally, Owners Corporations or Bodies Corporate are viewed as corporations. They derive their power from the relevant State strata legislation and by-laws. Like any corporate, they need to be able to delegate part of their decision-making authority – hence we have Committees.

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Apr
28

SIX STEPS TO PROTECTING YOUR INVESTMENT

SIX STEPS TO PROTECTING YOUR INVESTMENT

There are six (6) basic rules I believe a Building Manager needs to follow to ensure that their investment is protected.

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Apr
28

NSW STRATA LAWS START DATE

It’s on! The state’s much-anticipated and long-overdue strata reforms have a definite start date. November 30 is the big day so it’s an early Christmas present for some apartment residents – although some of the “gifts” may be less than gratefully received.

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Apr
28

STRATA LIVING - A Hotbed of Competing Interests

In nearly all strata schemes, there are different groups of stakeholders all with competing interests. Each of these groups has their own agenda of what they want from the strata scheme, and what they are willing to do or sacrifice to make that happen.

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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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Feb
06

WHAT ARE MANAGEMENT RIGHTS?

The Industry started in the 1970s on the Gold Coast in complexes where there were few or no resident owners. This resulted in the Body Corporate of the complex appointing someone to live on site to manage or caretake the complex... 

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