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Tagged as: management rights

26 Sep2013

Quest opens in Mackay

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...
26 Sep2013

Accor Hotels aim for Australia

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 expansion. [...] Read More...
23 Aug2013

Reducing your risk as a resident manager

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...
22 Aug2013

Can you pool your letting income?

  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...
21 Aug2013

Caretaking Disputes

  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...
19 Aug2013

What should I consider when buying Management Rights 'off the plan' ?

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...
16 Aug2013

I have had my own accountant for years, why do I need to change?

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 field.  [...] Read More...
13 Aug2013

Renewing a Management Rights Agreement

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...
12 Aug2013

The Office of Fair Trading and your Management Rights

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...
09 Aug2013

What is an MLR?

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...

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