Does Changing Regulation Modules Affect Existing Management Rights Agreements?
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We are a 100+ lot complex and our CMS is registered under the Accommodation Module. A motion for our next AGM is proposing to change to the Standard Module. Our complex meets all the criteria for this.
However, the current Caretaking & Letting agreements are 5 years into their 25 year terms. I understand that these agreements will carry over as is under the Standard Module.