Tips on Purchasing Management Rights

Tips and advice for people wanting more information on a management rights purchase.

Please check our Seminar Calendar for dates and venues

Mar
01

PROTECTING INTELLECTUAL PROPERTY RIGHTS IN STRATA BUILDINGS AND MOTELS

Unlike more mainstream commercial ventures, we regularly see instances in the strata industry where intellectual property protection may not be given the attention it deserves.

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Apr
28

More Management Rights - the Simple Answer To Airbnb

Sydney Morning Herald columnist Jimmy Thompson wrote an interesting article in his Flat Chat column recently headed “Guerrilla warfare warning over holiday lets in apartments”.

Under current strata laws, an Owners Corporation can only legally ban short stay letting if its building is zoned residential. Under the proposal before Government, apartments (and stand-alone houses) in residential zones will be exempted.

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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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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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Apr
28

THE MANAGEMENT RIGHTS PURCHASING PROCESS

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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Mar
24

AFTER THE CONTRACT IS SIGNED… WHAT NEXT?

The contract you sign will contain two clauses which set out Body Corporate remuneration and the stated net profit of the business.

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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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