Can someone explain to me how these work? and is there any legal way to remove the management rights holder from management of the properties?
I ask this because I looked at a property in Mission Bay recently, a block of about 12 units. Body corp fees were about $350 per month (no argument with that) but on top of this the Manager was getting about $600 per month per unit for as far as I could see very little work.
Repair work, lift repairs and maintainance etc are all contracted out to the relevant trades anyway.
Do management rights expire after a certain time? can they be on sold?
I ask this because I looked at a property in Mission Bay recently, a block of about 12 units. Body corp fees were about $350 per month (no argument with that) but on top of this the Manager was getting about $600 per month per unit for as far as I could see very little work.
Repair work, lift repairs and maintainance etc are all contracted out to the relevant trades anyway.
Do management rights expire after a certain time? can they be on sold?
Comment