
Lease Backs, Are They Worth It?
Contributed By: Short Punch & Greatorix on
Management Rights usually operate on the basis that the Manager acts strictly as a Letting Agent for the unit owners who wish to let out their units on a permanent or holiday let basis. However, in some cases Managers have been entering into what is commonly known in the industry as “lease back” agreements with some unit owners. This involves the Manager agreeing to pay the unit owner a guaranteed rent on the basis that the Manager is entitled to keep all income received from renting out the unit. Lease back arrangements may be considered by some Managers and unit owners to be more commerciallyRead More →