It’s human nature to avoid problems and leave them for another day. And it’s even easier to avoid a problem if you don’t even know it exists. Generally speaking, significant strata law changes occur at a sedate glacial speed. It is for this reason that people can be...Read More
Caretaking and building manager agreements generally require the caretaker to conduct regular maintenance and upkeep of the common property. This usually encompasses a requirement to perform small jobs that don’t require a special skill or trade like touching up...Read More
One essential but sometimes overlooked component of a Management Rights business is having a place to store your caretaking equipment. Most strata schemes will have an area designated for storage on the common property that the manager is generally allowed to use....Read More
Need extra term under your Building Management Agreement in NSW – but your Owners Corporation AGM is still a long way off? All is not lost; you just need to convene an EGM to get your motion passed. Different Ways to Convene an EGM You may request the Owners...Read More
Your letting appointment with owners must clearly set out in detail all fees and charges you propose to make to your owner. This document forms the core basis of your relationship with owners in your letting pool. We often see managers who want to keep their...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
