Management Rights
Your partner in Management Rights
At their simplest, management rights are concerned with the maintenance and management of community titles complexes, such as apartments and holiday resorts. The body corporate engages the manager (sometimes called the caretaker) to look after and maintain the common property of the complex for the body corporate.
Generally, the grant of the management rights will also be paired with the exclusive right to provide onsite letting services to owners within the complex. These are the letting rights. Whilst owners can chose to engage external property agents, only the manager can operate from the complex, meeting and greeting guests and answering their queries in-person.
A traditional management rights business has three core components:
The management rights, to look after the common property of the complex,
The letting rights, to let the lots of owners who engage the letting agent to do so, and
The manager’s ownership of a lot in the scheme, which usually includes an office or the right to use an office located on common property.
A traditional management rights business has three core components:
The management rights, to look after the common property of the complex,
The letting rights, to let the lots of owners who engage the letting agent to do so, and
The manager’s ownership of a lot in the scheme, which usually includes an office or the right to use an office located on common property.
Simpson Quinn Lawyers has a large focus on all things management rights.
We act for individual lot owners, bodies corporate and body corporate managers and provide advice in areas including but not limited to:
Sales and Purchases of management rights
The top up and variations of management and letting agreements
Recovery of outstanding levies
Disputes and dispute resolution including the adjudication of disputes and appeals
Advice in relation to service contracts/ management agreements and body corporate issues