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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
Manager's Salary

The salary is paid for the manager to attend to all the caretaking, common area, cleaning and security arrangements of the building. In larger complexes the salary and the work to be done is usually sufficiently large enough to employ gardeners, cleaners, etc. In smaller buildings with less requirements, the work is usually done by the manager, but this is usually the choice of the manager.

The salary will have been determined in relation to the work required in each particular building. The salary is usually increased on the anniversary date of the agreement and usually in accordance with CPI.

Considering Letting Commission, the Letting Agreement gives the manager rights to let units in the building. The manager is required to obtain a Property Management Agreement in writing from the owner of each unit to be managed. This authority is required by the Government Act.

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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)
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propertypacific.com.au
Property Pacific Real Estate 2004