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IS YOUR MANAGEMENT RIGHTS BUSINESS SALE READY?
Before you consider listing your business for sale, there are some key things you want to make sure are in order.Generally, many of the issues identi
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Whose Who in the Zoo – The 3 Ws of Management Rights
Unlike other conveyancing transactions, management rights matters have more parties than people realise and can often cause confusion about: Who
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DATES IN MANAGEMENT RIGHTS AGREEMENTS –HAVE YOU SET YOUR REMINDERS?
Managers of management rights businesses have lots to do daily, weekly and monthly, not to mention all the additional requirements the past few years
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What Are Management Rights?
‘Management Rights’ or 'Management Letting Rights' (MRs and MLRs, respectively), are businesses concerned with the maintenance and management of community titled complexes. Management Rights consist of three components: The caretaking agreement to maintain the complex for the body corporate; The letting business allowing the manager to manage rentals within the complex; and The Lot which is the unit, car space, storage areas and office that are owned by the manager in which to reside and run their business. Essentially, a management rights is a business, and a house, combined.