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Management rights businesses are created by entry into agreements with a body corporate or owners corporation. These agreements are usually of a long term nature and can be very big businesses.
There are more management rights businesses in Queensland than any other state, but they are growing elsewhere.
A body corporate or owners corporation (as a party to the management rights agreements) always needs to consent to the transfer of the agreements from one management rights owner to the next.
Download the only guide written by a specialist law firm in this area to understand:
and much more!