Property Bridge are industry leaders. The award winning Management Rights Sale Brokerage of the Year for 2024. We have quality Brisbane, Gold Coast and NSW Management Rights for Sale. The Property Bridge Management Rights sales team offer market leading advice based on their considerable expertise in the property management rights industry across the Gold Coast, Brisbane and NSW.
The Management Rights industry commenced circa 1970 at a time of significant development activity on the Gold Coast. Developers began to understand the advantages of on-site management to strata property owners and therefore created management rights business ownership opportunities within the new residential and holiday complexes.
Management Rights, in its most common structure, is a business providing both a home and an income. The Management Rights business owner has a contractual agreement with the Body Corporate (Owners Corporation) of a residential complex under a Community Titles Scheme whereby they provide agreed caretaking/management services. In addition the business owner ("the onsite manager") is also granted exclusive rights to provide on-site letting services for owners wishing to rent their properties.
This business model has been refined and now broadly adopted throughout Australia and overseas. Legislation has evolved and the industry in Queensland is governed by the Body Corporate and Community Management Act 1997. Management Rights is frequently referred to as the ultimate home-based business and being involved in the industry can be a very rewarding experience.
On-site managers have a wide range of previous experience with some having bought Management Rights for a strong financial return on investment and others for a secure lifestyle change. Other than licensing requirements, no specific qualifications are necessary, but good communication and business management skills are essential.
If you are considering this business opportunity we strongly recommend that you seek the advice of agents who specialise in the Management Rights industry. The experienced team at Property Bridge offer you sound, ethical business advice based on their personal experience in the industry. We welcome your enquiry on any aspect of the industry and will direct you to other specialists such as financiers, accountants and lawyers as required.