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Letts Group: Top Up Tips with Mike O’Farrell

Letts Group: Top Up Tips with Mike O’Farrell

Today we are talking about an essential aspect of managing your management rights business: Top-ups. Today we are going to hear from Mike O’Farrell

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Reforms are legislating the life out of the rental sector, says REIQ

Reforms are legislating the life out of the rental sector, says REIQ

The Real Estate Institute of Queensland (REIQ) has warned the Residential Tenancies and Rooming Accommodation and Other Legislation Amendment Bi

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Mandatory CPD for real estate professionals is ‘momentous’ says REIQ

Mandatory CPD for real estate professionals is ‘momentous’ says REIQ

The Real Estate Institute of Queensland (REIQ) is welcoming today’s announcement from the Attorney General that mandatory continuing professional d

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Upcoming Events

Letts Group Workshop: Maximizing Revenue and Safeguarding Your Management Rights Business

Letts Group Workshop: Maximizing Revenue and Safeguarding Your Management Rights Business

Good Morning MR Community, Meet Greg & Angela, they have achieved remarkable results in their management rights business by following our proven s

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Letts Learn Face to Face Workshop: Build, Protect & Retain Strategic Training

Letts Learn Face to Face Workshop: Build, Protect & Retain Strategic Training

Are you an onsite manager looking to fortify your skills and ensure the sustained growth of your letting pool? Look no further! Our half-day face-to

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Most of the events promoted on this page are put on by ARAMA. Support the association that supports your industry and make sure you are an ARAMA member. ARAMA Members receive a 10% lifetime discount to TheOnsiteManager.
ARAMA

What Are Management Rights?

‘Management Rights’ or 'Management Letting Rights' (MRs and MLRs, respectively), are businesses concerned with the maintenance and management of community titled complexes. Management Rights consist of three components: The caretaking agreement to maintain the complex for the body corporate; The letting business allowing the manager to manage rentals within the complex; and The Lot which is the unit, car space, storage areas and office that are owned by the manager in which to reside and run their business. Essentially, a management rights is a business, and a house, combined.