Management Rights

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In: Insurance, Legal

Contributed By: AON Insurance Services on

5 Things To Keep In Mind When Working Remotely Over the years, experts have highlighted numerous benefits of working from home – from improved work/life balance; reducing traffic congestion and even helping reduce the cost of office rent. Whatever your reasons are for working from home, or allowing your staff to do so, there are a few boxes you’ll want to make sure you’re ticking to ensure your employees have the best experience, and prepare your business for some additional complexities having a mobile workforce can bring. 1. You’re still responsible for the health & safety of your employees. Your employees may not be inRead More →

In: Legal

Contributed By: VANESSA SCIORTINO of Nicholsons Solicitors on

Managers of management rights businesses have had a lot on their minds lately. From keeping people safe during the global pandemic to getting the tourism industry back on track, it’s easy to see how managers could overlook something so important as the key dates in their agreements. It’s time to set an epic reminder. Annual remuneration reviews Some body corporate managers will automatically review a caretaker’s remuneration at the time stated in the agreement. Other body corporate managers will not. Managers seeking to ensure their remuneration is properly increased in accordance with their agreement should diarise the review date and ensure the review occurs asRead More →

In: The Management Rights Market

Contributed By: Greg Jorgensen of Management Rights Brokers on

Starting July 2020, in the post Brisbane and SEQ lockdown, we as a population, couldn’t wait to travel.   And…. this need-to-travel remains! Short stay operators, on the average, had a rough time of it from March to June last year, with the majority forced to switch rooms from short to long stay.  There was simply little choice. Of course, this saw the business bottom lines deflate both significantly and rapidly – mostly within the month of March.  Beware the Ides of March as they say! However, that determined need-to-travel-anywhere has seen almost every operator who has reverted partially or wholly back to short stay,Read More →

In: Accounting and Finance, Legal

Contributed By: Vanessa Sciortino - Nicholsons on

All caretaking agreements will provide for an annual review of the caretaker’s remuneration. Unless there has been a specific change that review will normally be on the anniversary of the commencement date of the agreement.  Remuneration reviews in agreements can be specified to occur by the greater (or lesser) of two methods.  They are most commonly reviewed by a fixed percentage, CPI or market review.  Care should be taken when considering the drafting of the review clauses to ensure they, firstly, work correctly and secondly, that there is sufficient detail included in the review clause  (particularly for a market review clause) which sets out theRead More →

In: Legal

Contributed By: Michael Kleinschmidt Stratum Legal on

Forward bookings belong to the lot owner. Trying to hang on to them can cost more than you think When you lose a Lot from your Letting Pool don’t be tempted to try to hang on to the forward bookings – you have to act in the best interests of your, soon to be former, client (the lot owner). At the very least, you must ensure that the guests with the forward bookings are aware of the change over in management, so that they can keep their forward booking if they wish. A Noosa Real Estate Agent who failed to do this was recently finedRead More →

In: Motels and Hospitality

Contributed By: HiRUM Software Solutions on

A specialist marketing service for accommodation providers of all shapes and sizes With discussion evolving around more international travel bubbles opening, what are you doing now to ensure the domestic travel market continues to stay with you? Some accommodation providers are currently experiencing high occupancy, but have you thought ahead to when the domestic goldmine is diluted by international appeal? As travel options continue to progress it is important to understand what you can be doing today to ensure these high occupancy rates continue tomorrow. The way people shop, buy and book has changed, meaning having an effective digital presence is key to ensure youRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

Editor: This article is discussing the South East Queensland rental market, in particular. Market conditions in other regions may differ. The rental market is PUMPING right now. I know this because my managers are complaining to me they’re getting too many enquiries to keep up. Prospective tenants are complaining to me no one is returning their calls or emails (again, because managers claim they don’t have time to do so). For the first time in our agency’s history, we’re struggling to meet our contractual obligation with RealEstate.com.au for rental upgrades. We normally hit our quarterly rental upgrade obligations within the first 2 weeks of the quarter.Read More →

In: Body Corporate, Legal

Contributed By: Kristine Lehmann of Lehmann Rights on

Kristine Lehmann, the principal of Lehmann Rights has kindly provided us with a series of really great industry discussions between herself and a number of industry leading experts. These are great, easily digestible 5 minute chats that offer some wonderful and current insight for those in and looking to enter this market. We’ll be bringing you a new one of these with each issue for the next couple of months.Read More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Nick Buick on

We were forwarded an interesting proclamation from the garrulous folks at AccomProperties this week stating rather spuriously their website was achieving “record sales activity”, and conflating this with a misleading side-by-side graphic of our site which apparently “speaks for itself”. They had of course rated themselves A and us F based on a mysterious “G.T. Metrix”… Now look, I love a good Gin & Tonic as much as the next guy, and I’m sure it’s a great metrix on a hot summer’s day (keeps the malaria away after all) but I wouldn’t be measuring my website’s performance as an effective marketing portal on a G.T.Read More →

In: Accounting and Finance, Legal

Contributed By: Archer Gowland Redshaw and Vanessa Sciortino on

For our latest episode focusing on the Management Rights industry, Chris Lewis and Smiljan Jankovic (Management Rights Specialist, Archer Gowland Redshaw) host Vanessa Sciortino – Special Counsel, Nicholsons Solicitors. Throughout the episode, Vanessa & Smiljan provide the latest best-practice insights from a legal and accounting perspective involving Management Rights complexes. Across the discussion, each highlight the common issues associated with top-ups & exercising options (and the differences between the two), renewal strategies where a manager may find themselves in a dispute with their Body Corporate, the purchase process including the Body Corporate consent process, whether or not claw-back clauses continue to be relevant, and how best to support new entrants in theRead More →

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