What are Management Rights?

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1. What are Management Rights?

2. Who buys Management Rights?

3. Why buy Management Rights

4. How do Management Rights work?

5. Caretaking Agreement

6. Letting Agreement

7. What type will suit me?

8. Permanent Letting

9. Holiday Letting

10. Purchasing Management Rights

11. How much will banks lend?

12. Management Rights Valuations

13. Calculating the sale price

14. The Purchase Process

15. Restricted Letting Agents Licence

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.