what are management rights?

To define what Management Rights are you could say:

"Management Rights is the business of providing caretaking and letting services within an accommodation complex"

It is important to recognise that Management Rights have two components:

1. The freehold real estate component of the managers unit.

2. The business component of the caretaking and letting rights within the complex.

This unique combination of purchasing a residence and the business rights is what makes Management Rights an attractive investment for many people accross the country. You may commonly hear Management Rights referred to as "a business with a home".

Even thou the primary role of Management Rights is to provide a caretaking and letting service within the complex, not all Management Rights include both caretaking and letting agreements. There are exceptions with some Management Rights offered as caretaking only, others have the ability to manage offsite and others where you may purchase only the caretaking business without the freehold apartment. Check with your agent when inspecting the property.