In Australia a business can be purchased under a number of
legal entities, this article will briefly discuss each one.
A sole trader is a business in which the individual is [...] Read More...
As the development of management rights continues to progress
both in a business sense and legally, there must be a closer
scrutiny on the risks that are endemic within the boundaries of a
resident [...] Read More...
In the overwhelming majority of cases, it is not illegal for a
management rights business to pool letting income. There
are certain exemptions to this rule however these are very
specific [...] Read More...
The core duties of a management rights business are usually
outlined clearly within the contract. In the majority of
cases these duties are well defined and are rarely an issue for
the [...] Read More...
If you have been considering an entry into the motel industry
then it is imperative you are aware of the multitude of licences
required for running the business.
These licences of course all [...] Read More...
Resident managers may enlist the help of third party contractors
to provide services for the upkeep of common property. When
enlisting these services, the resident manager should be aware
that they [...] Read More...
It is unfortunate that on occasion an owner/occupier, committee
member or resident manager will breach a body corporate By-Law.
In Queensland, By-Laws are governed by the Body Corporate and
[...] Read More...
The responsibility for structural repairs can vary from lot to
lot depending on whether it was created under a ‘Building Format
Plan’ or a ‘Standard Format Plan’.
The Act states that under [...] Read More...
A Management Rights Agreement (MRA) will be negotiated over a
fixed period; for instance five to ten years. When nearing
the end of the MRA, the agreement holders will usually renew the
contract for [...] Read More...
The Office of Fair Trading (OFT) are a Government entity who
actively undertake and co-ordinate state wide compliance.
They handle this via enforcement activities to promote a
competitive, fair and [...] Read More...