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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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Management Rights Articles

  • THE PROBLEM WITH DEEDS OF CONSENT IN NEW SOUTH WALES

    The Problem with Deeds of Consent in New South Wales

    Financiers of management rights purchases commonly require the owners corporation to enter into a deed of consent to security (“consent deeds”). The problem is that there is nothing in the NSW strata legislation that requires an owners corporation to agree to enter into such a deed – even on the most reasonable of terms.

    Consent deeds, also commonly called “right of entry deeds”, act as security over the management rights in the event of a default by the caretaker.

    The deed allows the financier to ensure its security is not jeopardised if the caretaker is in default of its loan agreement. 

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