When you buy a Management Rights business, one of the assets you should acquire at the time is all the equipment used by the seller to perform the duties under the caretaking and letting agreements. If the seller was a hands-on building manager, depending on the...Read More
CANCELLATIONS – WHO GETS PAID? In a post Covid world there appears to be far more inconsistency in the industry when it comes to short-term operators charging cancellation fees when bookings are cancelled. After a couple of years of significant pressure to not...Read More
In a post Covid world there appears to be far more inconsistency in the industry when it comes to short-term operators charging cancellation fees when bookings are cancelled. After a couple of years of significant pressure to not charge any cancellation fees and...Read More
Selling your business can be very stressful as you juggle the demands of both the business buyer and the owners in your strata scheme, while at the same time being under the time pressure of a looming settlement date. One way you can significantly reduce this stress...Read More
SAME, SAME – BUT DIFFERENT? TOP UPS AND EXERCISING OPTIONS Tenure is critical to the success and value of your Management Rights business. The length or duration of your agreements is usually called the “term” and your “total term” might be a single period, e.g....Read More
