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The
basic questions
answered..... |
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| What do we
do first? |
| Research, Inspect,
Accountant, Solicitor, Financier, Training, Licence
Application |
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| Frequently Asked Questions |
| Is Management Rights a secure financial
investment? |
| Like all businesses and investments, Management
Rights hold some risks and those risks vary, depending
on the type of letting involved ie long term (permanent)
or short term (holiday), and the location of the complex
(amongst other factors). Importantly, the
remuneration from the Body Corporate (for the work
outlined in the agreement) is secure. Holiday
letting has higher risks but this is compensated with
higher returns. |
| How much capital is required to purchase
Management Rights? |
| It is essential to speak with an experienced Lender
to determine this answer. However, historically
financiers look for purchasers to have 30% - 50%
capital/equity. |
| Do I have to live in the complex to own the
Management Rights? |
| The short answer is Yes - but there are some cases
where you can live off-site. |
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