breakUp

Contributed By: Mike Phipps Finance

Mike Phipps Finance

I see there is a financial institution out there that proposes that it’s possible to love a bank.  It’s an interesting premise and given the overuse of the L word in modern dialogue I thought I’d go back to basics and have a look at the definition of love.  Turns out its pretty much all things to all people albeit my search through the Interweb found this rather succinct paragraph. Love can make you do anything and sacrifice for what will be better in the end. Love is intense,and passionate. Everything seems brighter, happier and more wonderful when you’re in love. If you find it,Read More →

spending

Contributed By: Hynes Legal

Hynes Legal

The Body Corporate and Community Management Act 1997 (BCCM Act) sets out a number of spending limits. Some of these intersect with others. Some need to go to general meeting and some depend on the number of lots in the scheme. The rules relating to them are scattered across the relevant Regulation Modules. This article sets them out in one place. The major categories of spending include the: committee spending limit (is a committee or general meeting required?) major spending limit (are two quotes needed?) common property improvement limit (what type of resolution is required depending on who is making the improvement?) The committee spending limit The default position for committeeRead More →

fightForYourExtension

Contributed By: Small Myers Hughes

Small Myers Hughes

I have had a number of managers come to me very concerned that their committee will not support an extension of their caretaking and letting agreements. They have the distinct impression that, if the committee does not support the “top-up”, any extension will not happen. Obviously, a top-up which is supported by the committee will invariably be passed at a General Meeting of the Owners Corporation/Body Corporate. A top-up that is not supported by the committee is going to be much more difficult to pass. However, don’t despair! As an owner of a lot, you have a right to place a motion on the agendaRead More →

smokealarm

Contributed By: Nick Buick

Nick Buick

TheOnsiteManager.com.au is delighted to announce that we have partnered with Hotspots Australia to ensure your smoke alarm and other compliance obligations are being met. With the recent changes in smoke alarm legislation in QLD we thought it was important to ensure our clients are up to date and ready to change. To read more about the changes in legislation see here Hotspots have created an exclusive package for onsite managers, combining smoke alarm compliance, general electrical and air conditioning work under one banner. In addition to the ease of dealing with just one trade, Hotspots also does not charge call out fees resulting in savingsRead More →

VR

Contributed By: Nick Gorrell

In their simplest form virtual tours have been used by commercial and residential sales agents for many years through the use of property photos which offer a prospective buyer the ability to experience a property and make a value judgement from a remote location without having to visit beforehand. This enables a viewing shortlist to be achieved and thus saving on valuable time. Today’s property buyers are often very sophisticated and time poor, wanting unfettered access to clear and high quality information which offer a truthful and accurate picture of the properties they are interested in viewing with as few unexpected surprises as possible. WeRead More →

tie

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 →

legislat

Contributed By: Short Punch & Greatorix

Short Punch & Greatorix

(By Martin Punch of Short Punch & Greatorix Lawyers) Many court cases involve the interpretation of legislation, which in some cases leaves room for a variety of interpretations.  This has particularly been the case with management rights, which has resulted in expense which can easily be avoided if more thought was given in the first place to what the legislation should say, to avoid unintended consequences. Three management rights cases illustrate the problem:- The Rocks Case This case revolved around what information had to be in Forms 22a under the old PAMDA Act, in relation to charges made for services organised by a letting agent,Read More →

hirum2

Contributed By: HiRUM Software Solutions

HiRUM Software Solutions

A Property Manager’s ticket to freedom   HiRUM Software Solutions announces the launch of ‘HiRUM Anywhere’ today, a property management solution which will redefine the accommodation Industry. ‘HiRUM Anywhere’ has been designed to give Property Managers complete freedom, offering them the opportunity to access critical business information whilst on the go.  No longer will they be required to have access to a computer or the internet in order to keep an eye on their business. The benefits of the technology created by HiRUM is that it is ‘Mobile First’ not traditional ‘Cloud’. This allows the software to be accessed even without internet connectivity or power; and is designedRead More →

tech

Contributed By: HiRUM Software Solutions

HiRUM Software Solutions

Think back to a time when websites were merely an imaginary idea, rather like the concept cars of the future, considered impossible by the masses. Most couldn’t even visualize Google, it was just a funny word, spoken but rarely understood. Most of us couldn’t picture in our minds how a customer in the United States might be able to tap a few keys on his keyboard to book a hotel in Australia. How could that possibly happen without a phone or a fax? And just what was this thing called the Internet that none of us could see but which was creating immense wealth forRead More →

leaseback

Contributed By: Short Punch & Greatorix

Short Punch & Greatorix

Management Rights usually operate on the basis that the Manager acts strictly as a Letting Agent for the unit owners who wish to let out their units on a permanent or holiday let basis. However, in some cases Managers have been entering into what is commonly known in the industry as “lease back” agreements with some unit owners.  This involves the Manager agreeing to pay the unit owner a guaranteed rent on the basis that the Manager is entitled to keep all income received from renting out the unit. Lease back arrangements may be considered by some Managers and unit owners to be more commerciallyRead More →