Buying and Selling Management Rights can be more complicated than other businesses so it’s important to seek advice from the specialist professionals at SPM Law.
The expert team at SPM Law have collectively over 50 years of management rights legal experience and understand all aspects of the process.
Practically all management rights contracts are subject to legal due diligence provisions and so a specialist management rights solicitor is a critical component in the sale or purchase of management rights.
Management Rights is the term used to describe the business behind the operation of a strata titled property. Strata titled properties have common areas such as pool, gardens, stairways, BBQ area, tennis courts and gyms. Put simply, management rights is the business of on-site caretaking and on-site letting (i.e. the letting rights for investor owned properties within a body corporate. The body corporate engages a caretaker to look after common property. They also appoint that same person to conduct onsite letting). Most management rights also involve the purchase of a managers residence and the rights to use a reception area.
We can support you throughout the whole process and have extensive experience in;
- Buying and Selling Management Rights
- Caretaking agreements
- Letting Agreements
- Due Diligence
- GST Issues
- Financial and Legal verification
Having dealt with hundreds of Management Rights clients from Noosa to Airlie Beach and even as far north as Darwin the team at SPM Law are here to help.
Meet our Management Rights Team