Management Rights2022-07-14T16:09:59+10:00

Management Rights

Providing advice when buying or selling management rights

Management rights is a business that gives the exclusive right to an individual or company to provide caretaking and letting services to and from a body corporate scheme.

We assist our clients, experienced and new entrants, through the buying and selling process of their management rights businesses. This can often be a daunting process for a new entrant with so many parties involved. As such, we provide guidance through each step of the process, from reviewing and negotiating contracts to assisting in the settlement process.

Our experienced team is dedicated to delivering client focused solutions, having acted for hundreds of managers across Australia. We pride ourselves on our enthusiasm and dedication to delivering accurate and timely legal and practical advice.

We are committed to the advancement of the management rights industry and improving our clients’ knowledge base is at the core of what we do. In doing so, we become trusted advisers for life.

Keeping abreast of the industry as it affects both sides is a key difference in our ability to provide quality, timely and cost effective advice. We are proud supporters of both the Strata Council of Australia and the Australian Resident Accommodation Managers Association.

We can assist with

  • The sale and purchase of new or existing management rights (permanent or holiday letting)

  • Variations, renewals and exit strategies

  • Preparing and negotiating new agreements

  • Preparing and reviewing letting appointments and special conditions (short or long term accommodation)

  • Advice on the Code of Conduct and leasebacks

  • Preparing due diligence reports

  • Advice on the Managed Investment Schemes and whether or not this applies to your complex and what compliance looks like – this is particularly important when considering purchasing management rights in North Queensland

  • Dispute resolution including strategies aimed at minimising costs

  • General advice on all facets of management rights and legislation affecting caretaker’s and letting agents

  • Attending body corporate meetings.

Meet the team

Request a consultation today

Get in touch

What our clients say

Photo of Tony Hajjar

I have been a client of Nicholsons Solicitors since 2007 when working with Matthew Russell on the documentation to do with the purchase of my Management Rights business. Since then I have had reason to engage Nicholsons several more times, all to do with commercial real estate transactions. Whether it was to do with further property purchases, applying for and gaining two five-year extensions to the Management and Letting Agreements or creating a Management Rights Operator Agreement to have a contractor take over the running of my Management Rights, Matthew has been there to assist over all these years. The benefit to me of only working with the one firm has been the continuity of dealing with the same person who can recall all my previous dealings. It is handy having just one place where past business documents, contracts, trusts etc. are located.

Tony Hajjar

I rely on Nicholsons for the best business and personal representation, having been a business client for over 20 years I have found their personal approach and advice priceless.

Warwick Donsky, Realty Management Bulimba

I have had numerous dealings with Nicholsons Solicitors over the last several years. On each occasion I have found them to be efficient, professional and reliable. They have understood my requirements and acted on them promptly. I would have no hesitation in retaining their services for my future requirements, and in recommending them to prospective clients.

Lyndon Simmons

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