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Management Rights
Overview Management Rights Agreement
Management Rights Valuation Method Legislation - Management Rights Letting Income Sources
Manager's Salary Income Tax Consideration Contract Requirements Summary Seminars
Management Rights Agreement
  1. Some Management Rights Agreements are fully combined in all aspects, and some have separate Management and Letting Agreements. Also some buildings have offices and kiosks.
  2. With respect to the salary, this is usually adjusted annually in accordance with the Consumer Price Index (CPI).
  3. Management Rights tenure is not important if By-Laws Protection applies to use of manager's lot. This lot (unit) in the building is the only area from which a business can be conducted.
  4. An essential part of the agreement is the right to assign.
  5. All agreements should include a fully comprehensive and detailed list of manager's duties as well as delegated authority. This must be in clear form.
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Property Pacific Real Estate
5 Markeri Street, Mermaid Beach  Queensland  4218
Ph: 5572 0255    Fax: 5572 8352   (International dial: +61 7  STD: 07)
Email:
propertypacific.com.au
Property Pacific Real Estate 2004