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Search results for “Selling Managed Units”

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In: Accounting and Finance

Contributed By: Mike Phipps Finance on

As some of you will no doubt have figured out by now, I have a weakness for cars.  Old cars, new cars, fast cars, slow cars, even electric cars and the occasional motorcycle. I am fascinated by cars and the auto industry. This basic flaw in my good judgement has led to me investing wisely in a few vehicles, much to the dismay of the managing director.  By wise investment I mean spending more than said vehicles will ever be worth and then justifying the “investment” by grossly overinflating the values when debating the matter with my accountant, bank manager and afore mentioned MD. MyRead More →

In: Legal

Contributed By: Short Punch & Greatorix on

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 →

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