Key Practice Areas
Mastering Management Rights, From Pre-Contract to Post-Settlement
The Situation: Our client was undertaking the purchase of management rights for a townhouse block of 102 townhouses on Brisbane’s northside. After meeting with our client to receive initial instructions, we completed a detailed review of the unit and management rights contract, letting agreement and deeds of variations. Once we obtained a formal management rights inspection report we provided detailed recommendations and advice on a range of issues, such as renewal rights, replacements and general duties under the agreement. We then liaised with the body corporate to obtain consent and assignment of the management rights. Upon consent being provided by the body corporate we attended to the general conveyance, in order to effect the timely settlement for our client.
This work also involved working with a range of stakeholders, including financiers and accountants to ensure all requirements and obligations were addressed and understood.
The Result: Provided with detailed recommendations and advices, our client was able to make a clear decision regarding their substantial investment with no hidden surprises or compliance issues arising before, during or after settlement, safeguarding our client’s investment. Also, by relying on us for the full suite of services relating to his management rights purchase, from pre-contract to post-settlement, our client was able to be in control at all times.
As every case is different, the cases reported here cannot be taken as an indication of a similar outcome being likely in your case, and these reports are not to be taken as legal advice about your particular situation.