North Queenslands thriving business conditions have motivated the
Quest Serviced Apartments to open its $30 million Quest Mackay on
Gordon this week.
“Mackay is well-known for its buoyant economy and [...] Read More...
French-based hotel operator Accor has placed Australia front and
centre of its growth plans, revealing its intentions to roll out
a further four Pullman hotels, following a year of rapid
[...] 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...
As with any business, buying off the plan has its risks.
For example you may do projection research and ascertain that you
will be able to successfully let out all the lots. In
reality this [...] Read More...
It is recommended for management rights business holders (or
those wishing to enter the field) to switch their book keeping
over to an accountant that specialises in the management rights
[...] 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...
MLR is an acronym for Management Letting Rights.
Essentially Management Letting Rights grew out of the property
development market for multi-unit or apartment buildings.
Over time there grew a [...] Read More...