how do management rights work

Management Rights are an easy concept to understand and a simple business to operate. This is what makes it appealing to a large cross section of investors and business buyers.

The Managment Rights business consists of 2 components, these being:

1. The Caretaking Agreement, this is your agreement with the Body Corporate for which you receive a payed salary for your caretaking duties around the complex, and  Caretaking Agreement  

2. The Letting Agreement, this is your business of letting the units within the complex. Letting Agreement

Management Rights are unique with this combination of a secure salary and the opportunity for expanding and growing the letting business.

Quick Tip

Your Body Corporate Salary is based on the number of units within the complex, This is always a good point to remember when buying Management Rights