Can a caretaker contract state the following: "First extension, the end date referred to in clause 1.4 shall be automatically extended for a period of five years"? Is this legal in QLD?
It is possible that a management rights agreement has an automatic extension option clause for a further five years.
The answer to this question depends on a number of other terms of the agreement. It is possible that a management rights agreement has an automatic extension option clause for a further five years. However, whether the option is valid will depend on a number of things, including the module, how the option was approved, what the balance term of the agreement is, etc.
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Todd is an experienced property lawyer who heads up Mahoneys body corporate team.
Todd specialises in body corporate law and predominantly acts for bodies corporate, body corporate managers and lot owners on all matters affecting bodies corporate.
Todd is an active member of the Strata Community Association (Qld). In 2019 he was appointed to the Strata Community Association (Qld) legislation committee and assists in making submissions on behalf of the Strata Community Association (Qld) on issues such as legislative reform in body corporate law.
As Todd is also a body corporate committee member, he understands the day to day requirements of administering a body corporate.
Todd has a focus on achieving practical and commercial results for his clients and understands the market in which bodies corporate operate within.
Todd also provides body corporate managers, and other industry stakeholders, with presentations and training on matters affecting the body corporate industry.
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