Management Rights

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In: General Interest, Landlords, Tenants, Renting and Management

Contributed By: Real Strategix on

Whether it is routine maintenance, emergency repairs, lease renewals or property vacancies, you will always have the landlord asking you to explain the necessity and costs involved. Property Management over the last decade has become much harder, and time consuming, as legislation has changed and people are taking others to tribunal over the smallest of things. The first lease I prepared was in 1997. It was typed on a typewriter with carbon copies, and there was no such thing as inventories, CMA’s or online bookings. If someone had told me that in 18 years’ time that we would be arranging smoke alarms to be checked for every new lease IRead More →

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: TheOnsiteManager on

As a new service to our onsite managers we have begun compiling a library of useful documents that assist in the day-to-day running of Management Rights. We’ve compiled these documents into a single location accessed under your account drop-down. Simply login and select USEFUL FORMS from the dropdown. Here you’ll find: The latest Form6 authority ready to give to your new owners and vendors to transact sales and manage listings. A pre-completed Form6 authorizing our agency to act. A blank Contract Of Sale document to sell community titled lots (ie: units) A blank Contract Of Sale document to sell a house A Tenant Application FormRead More →

In: Body Corporate, Legal

Contributed By: Hynes Legal on

The Reserve is one of three large buildings in the one management rights portfolio at Varsity Lakes on the Gold Coast. It has been a very large enterprise from the day it was built so it is safe to say the collective value of the management rights enterprise is in the millions. Every management rights agreement is different. There are a few more standard ones you see around and about (one of which is ours), but you can never take for granted that the one you are looking at is the same as the next one (even if drafted by the same firm) because theyRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

As finance industry professionals we deal with banks every day and I suspect take much of what happens for granted. At a recent accommodation industry forum I was a bit surprised when the discussion turned to bank lending policies. It transpired that many operators (and therefore I presume borrowers) in the room thought that the banks solely call the shots on what can and cannot be done when they lend you money. Nothing could be further from the truth. It is true that banks have credit policies and those policies influence and inform the outcome of your loan application. It is also true that withinRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: TheOnsiteManager on

Imagine being able to seamlessly manage your rental marketing inventory, directly from your trust accounting system. Now you can! As a trust accounting system, Console already knows when your leases are going to end, when new rentals need to be advertised, when new leases are signed. All the information relating to every property in the complex letting pool is already contained within Console. Now, at the push of a button, this information can be instantly shared onto TheOnsiteManager for seamless marketing management across our entire agency. Your tenant is moving out and just gave 2 weeks’ notice, at the push of a button Console canRead More →

In: Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: TheOnsiteManager on

TheOnsiteManager.com.au signed an exciting agreement this month with RealEstate.com.au to offer a free utility connection service. Any time a tenant moves into your complex, you can simply direct them to TheOnsiteManager.com/connections to connect and disconnect all their utilities. I’ve gone through the service extensively with the good people from RealEstate.com.au and I have to say I’m impressed by how simple it is to use and easy it is to get connected. Tenants can choose which utility companies they want to use. By filling out a simple online form RealEstate.com.au will then take care of everything from connecting Gas, Electricity, Telephone, Internet, even Foxtel. They canRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

I mentioned in a recent article that when it comes to interest rates I am not a clairvoyant and so it has proved to be. The reasons why will be revealed soon enough but rst a bit of recent history. Until relatively recently banks set their home loan and residential property investment rates in accordance with the Reserve Bank cash rate. That is, if the Reserve Bank dropped the cash rate then residential property rates followed and vice versa. A little while back one of the major banks announced that it would no longer blindly follow the cash rate benchmark and instead make rate decisionsRead More →

In: Body Corporate, Legal

Contributed By: Short Punch & Greatorix on

Here at Short Punch & Greatorix Lawyers we do keep a watch out for what we call “rogue activity” conducted by Body Corporate committees and their chairpersons where they might impact on the business of the on-site Managers. When we see this happening, we particularly encourage our clients to act simultaneously in two directions. Firstly we encourage them to work with all of the owners on a process of informing the owners in the Scheme where the committee may be “off the rails” and may be acting unlawfully, not only to the detriment of the on- site Manager but in a manner that is likelyRead More →

In: The Management Rights Market

Contributed By: Management Rights Sales on

The past year or so has seen an increasing number of contracts not proceeding to settlement. This is a worrying trend with not a common reason for it happening. We have seen finance issues, Bodies Corporate not assigning, valuations of residences, buyers getting cold feet, verification of figures coming up short and issues with some older agreements all contributing one way or another to the problem. There is a role to play for everyone involved to do their part in making these things happen from the accountant putting figures together for sale, the buyers being truthful about their financial circumstances, the vendors leaving cleaning figuresRead More →

In: Body Corporate, General Interest, Legal

Contributed By: Hynes Legal on

If you have even a passing interest in federal politics, you will have seen the furore over Bronwyn Bishop’s recent taxpayer funded chopper flight to a Liberal fundraiser which was only an hour or so away by car. No doubt it was the easiest $5,000 she ever spent at the time. When it came to light there was quite legitimate outrage about the spending, and the sole defence seems to be that it was ‘within guidelines’. Some guidelines they must be. It has since been paid back. And so no one thinks we are singling out the Liberals, if you want to see what happens on the ‘other’Read More →

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