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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: Will Airbnb Kill the Caretaking Business Model? - 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.
- 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.
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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