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Latest Industry News!
Bulletin November 2024 – Happy Anniversary Baby!
It will come as a surprise to no one that the managing director and I have been indulging in a bit of travel lately. It’s all tax-deductible
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REIQ calls for a more balanced and practical approach to AML
The Real Estate Institute of Queensland (REIQ) is urging the Government to adopt a more balanced and reasonable approach to the expansion of the Anti
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Low vacancy rates are the new normal, says REIQ
The Real Estate Institute of Queensland (REIQ) has released its residential vacancy rates report for the September 2024 quarter, with the peak body n
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Featured Management Rights
What Are Management Rights?
‘Management Rights’ or 'Management Letting Rights' (MRs and MLRs, respectively), are businesses concerned with the maintenance and management of community titled complexes. Management Rights consist of three components: The caretaking agreement to maintain the complex for the body corporate; The letting business allowing the manager to manage rentals within the complex; and The Lot which is the unit, car space, storage areas and office that are owned by the manager in which to reside and run their business. Essentially, a management rights is a business, and a house, combined.