Sign up for your Free Guide Today

What's in the guide?

The guide is designed to help you negotiate the best possible contractual arrangement and avoid the common pitfalls we see arise when buying management rights.

Guide-to-buying-management-rights

Understanding the risks, opportunities and common pitfalls of owning and running a management rights business is a critical part of your decision to invest. Given the unique characteristics of management rights investments we have created a guide to assist you in understanding the process and to help you with the critical information you need before investing in management rights.

HYNES LEGAL

What does the guide cover?

AdobeStock_468071208

What are management rights?

Broadly, management rights are investments that comprise on-site caretaking and letting within a body corporate. Queensland has a significant number of management rights schemes when compared to other states. The Guide to Buying Management Rights provides a baseline of knowledge to give you a head start in deciding if a management rights investment is right for you.

AdobeStock_213153870-1

Types of Management Rights

Management rights is the business of on-site caretaking and letting within a body corporate and generally include:

  • Ownership of real estate in a community titles scheme.
  • A contract for caretaking common areas within a body corporate within a scheme.
  • Authorisation to let some or all apartments within a scheme.
 
AdobeStock_370959564-1

Jargon and terminology

There is a multitude of terminology used with the management rights industry that is little-known to most potential buyers. From legal speak through to abbreviated terms, having a quick reference guide to help decipher information gives you a strong foundation for quickly navigating the purchasing process.