Every caretaking agreement I can think of requires the building manager to supervise something. For example, the building manager must supervise the plumber when they are fixing a tap on common property. The amount of time and effort required to supervise a task, and...Read More
CLARIFYING YOUR LETTING APPOINTMENT FEES AND CHARGES A common issue I encounter when reviewing Letting Appointments (the agreements entered between the letting agent and the lot owner) is that the fees and charges shown in the Letting Appointment are vague and...Read More
Forget what you think you know about Managed Investment Schemes in a Management Rights business. Or, more accurately, try to remember what your lawyer told you about Management Investment Schemes when you bought your Management Rights business and forget what everyone...Read More
This isn’t the first time I’ve written an article about knowing the difference between exercising an option in a building manager agreement and topping up a building manager agreement – and history teaches that it won’t be the last. What motivates me to raise this...Read More
The major decisions that are made by a Body Corporate are decided by a vote of the owners at a general meeting. Some decisions require a simple majority, while more contentious matters might require a unanimous resolution of all owners attending the meeting. No matter...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
