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Frank Higginson, Hynes Legal
Why are Queensland Developers the only developers in any state in the world allowed to sell 25 year caretaking/letting contracts that must be paid for by new unit owners for the duration of the contract?
QLD: Terminating Management Rights Agreements
This edition of LookUpStrata’s Strata Snapshot Series, Mario Esera provides detailed information about:
1. Why is the process of terminating management rights agreements so difficult for body corporates?
2. What do you feel should be done to prevent these difficulties in the future?
Mario also discusses the steps involved in terminating, provides examples and talks about reasonableness.
Most Recent Building Manager & Caretaking Articles
- QLD: Something can be done about unfair and unbalanced Caretaking Agreements - 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.
- NSW Spectacular Failures: Unsuccessful Attempts To Terminate Caretakers - Is an owners corporation able to terminate the appointment of a caretaker with whom it is dissatisfied? In recent years, there have been several cases involving attempts by owners corporations to rid themselves of caretakers who they consider are underperforming and these attempts have been spectacularly unsuccessful.
Our articles and Q&As about Managers & Caretakers have been arranged by State
Looking for Caretakers or Managers in your area? Search within our Strata Services Directory in the category Building Managers / Facility Management for the best list of contacts available.
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