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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
When describing a caretaking or letting agreement, it is quite common for people to describe them by referring to the total time remaining before the agreement expires. Typically this description also includes any option terms available in the agreement, e.g....Read More
As the Management Rights industry has evolved over the years, it has become increasingly common for managers not to own a lot in the scheme they manage. This has had a flow on effect which means that managers regularly do not hold a right to put a motion on the agenda...Read More
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
