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Search results for “The legal risks in your management rights business”

You are browsing the search results for “The legal risks in your management rights business”

In: Accounting and Finance, General Interest, Legal

Contributed By: Hynes Legal on

We don’t like being negative nellies, but sometimes we do need to talk about the things that go wrong in these newsletters. Alan Greenspan (the then Federal Reserve Chairman in the USA) coined the famous phrase ‘irrational exuberance’ in relation to the dot-com bubble of the late 1990’s, but it could apply to any boom since (and before – even back to the tulip boom of the 1600’s.) If you were to Australianise that phrase it would be along the lines of something being ‘too silly for words’. It is not for a lawyer to talk about risk when it comes to valuations / asset pricing asRead More →

In: Accounting and Finance, General Interest

Contributed By: Holmans Accounting on

Holmans is a well-recognised and respected name in the Management Rights industry. We provide comprehensive advice and personalised service to give you peace of mind – whether you are purchasing, managing, or selling your Management Rights Business. We take pride in presenting the most experienced and knowledgeable team in the business to service your needs. We, together with other specialist Management Rights advisors and agents, regularly host information workshops to provide you with a range of strategies to assist you to legally minimise your tax liabilities, increase your wealth, and protect your assets. Whether you are considering Management Rights as a business venture for theRead More →

In: Body Corporate, Legal

Contributed By: Hynes Legal on

The Reserve is one of three large buildings in the one management rights portfolio at Varsity Lakes on the Gold Coast. It has been a very large enterprise from the day it was built so it is safe to say the collective value of the management rights enterprise is in the millions. Every management rights agreement is different. There are a few more standard ones you see around and about (one of which is ours), but you can never take for granted that the one you are looking at is the same as the next one (even if drafted by the same firm) because theyRead More →

In: Body Corporate, Legal

Contributed By: Hynes Legal on

Under the Work Health and Safety Act  there are a range of codes of practice that have been issued by Safe Work Australia. As you would expect, there is a code of practice about managing the risks of falls at workplaces (the Code). A management rights business remains a far less risky business from a work, health and safety perspective than most industries. If you subscribe to Safe Work Australia’s updatesyou will receive regular emails about far more serious injuries than are ever likely to occur in a management rights context. There are some unfortunate (and regular) reminders of the dangers of working with heavy machinery. Working at heights in aRead More →

In: General Interest, Legal, The Management Rights Market

Contributed By: Hynes Legal on

Alan Greenspan (the then Federal Reserve Chairman in the USA) coined the famous phrase ‘irrational exuberance’ in relation to the dot-com bubble of the late 1990’s, but it could apply to any boom since (and before – even back to the tulip boom of the $1600’s.) For mine, if you were to Australianise that phrase it would be along the lines of something being ‘too silly for words’. It is not for a lawyer to talk about risk when it comes to valuations / asset pricing as Greenspan could, but it is certainly within our ambit to talk about legal risk.We think a very interestingRead More →

In: Accounting and Finance, Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: Mike Phipps Finance on

When buying a management rights or leasehold accommodation business such as a motel there is an interesting dynamic at play that many purchasers fail to pay sufficient attention to. The fact is that outside the core group comprising the purchaser, the vendor and their associated advisors there is a third-party lurking. In the case of leases it’s the landlord and in the case of management rights it’s the body corporate. In both cases this third party has a vested interest in the professional capacity of the purchaser and their likely prospects of success. In both cases character, financial standing and qualifications will be important considerations.Read More →

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