What is required to amend the caretaking agreement to address issues with the caretaker’s duties or remuneration – with a specific focus on the lesser known, and often overlooked, statutory review process.
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We’ve seen many changes for bodies corporate and resident managers due to COVID-19. One issue that has not and cannot change is how options and variations of term are dealt with in management rights agreements.
In certain circumstances, a body corporate may be in a position where it may wish to ‘buy-back’ the management rights and caretaker’s unit within its own community titles scheme.
Question: Is the body corporate, or the Committee as representative of the body corporate, under any obligation to show cause if it just votes No to an extension of management rights?
It is time for the management rights industry to look at revisiting the management rights assignment process. Everyone needs to start treating the assignment process with a bit more respect. The days are long gone where the assignment was simply tick-a-box and move on.
‘We need to rid ourselves of this blood-sucking dysfunctional and truly unfair caretaker’s contract. It’s bleeding us absolutely dry!’
Question: Our intercom system is broken, couriers are unable to contact me to let me know they have a parcel for delivery to my apartment and the Complex Manager will not assist.
There are some worrying trends emerging in the caretaking industry as a direct result of the disruptive influence of companies offering short term letting services such as Airbnb online.
When a new scheme is developed, it is the developer who determines the caretaking and letting agreement for the scheme. Often due to inexperience or being motivated to find another source of revenue (and profit) for the project, a developer will thrust upon a body corporate unfair and inappropriate agreements for the purpose of selling it to a third party.
Question: I’m a building manager. My hostile committee is trying to make me go to training. Can they demand my attendance at the strata training? I feel quite bullied by the committee.