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Practically all management rights contracts are subject to legal and accounting due dilligence provisions, subject to finance and subject to body corporate approval. A specialist management rights lawyer is a critical party in both the sale and purchase of a management rights complex. Throughout this site we will continually recommend that you only avail yourself of the services of professionals who are experts in this particular field.
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Sellers should ideally seek the services of a qualified management rights lawyer to obtain a pre sale due check that their agreements are in order and that there will be no outstanding issues found by the buyers solicitors. Failure to do this before listing may be false economy as a sale contract is likely to fail if major issues are found during the buyer's legal due dilligence that can not be quickly remedied.
Buyers should also ensure that the legal firm they use are conversant with this specialist field. Ask them how many management rights contracts that they dealt with last month. If they can't quickly come up with a solid number, then keep looking. You don't want to be paying them to be "learning on the job" about management rights. A specialist lawyer knows what to look for and as importantly know how to fix any problem rather than have the contract fall over and the buyer start all over again.
The following legal firms are known to us and specialize in the field:
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Copyright © 2010, RAAS, Privacy Policy
© Queensland Management Rights Sales Pty Ltd. ABN: 29768420528. Disclaimer: The figures and information displayed on this
website are supplied by the owner of the Management Rights Business. While RAAS RIGHTS staff make every endeavour to ensure their
accuracy, they usually do not have access to full sets of accounts or legal documentation for verification purposes. Accordingly
parties should make their own investigations as to the accuracy of these figures and information
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