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REIQ calls for a more balanced and practical approach to AML

REIQ calls for a more balanced and practical approach to AML

The Real Estate Institute of Queensland (REIQ) is urging the Government to adopt a more balanced and reasonable approach to the expansion of the Anti

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Low vacancy rates are the new normal, says REIQ

Low vacancy rates are the new normal, says REIQ

The Real Estate Institute of Queensland (REIQ) has released its residential vacancy rates report for the September 2024 quarter, with the peak body n

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Understanding Concrete Cancer and Its Repair Process

Understanding Concrete Cancer and Its Repair Process

Concrete cancer is a term that strikes fear into the hearts of property owners and building managers, and for good reason. As a contractor specialisi

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Featured Management Rights

 

What Are Management Rights?

‘Management Rights’ or 'Management Letting Rights' (MRs and MLRs, respectively), are businesses concerned with the maintenance and management of community titled complexes. Management Rights consist of three components: The caretaking agreement to maintain the complex for the body corporate; The letting business allowing the manager to manage rentals within the complex; and The Lot which is the unit, car space, storage areas and office that are owned by the manager in which to reside and run their business. Essentially, a management rights is a business, and a house, combined.