Introduction Most motel businesses are leasehold. The right for the motelier to operate from the motel is granted by the owner of the motel (landlord) to the motel business owner (as tenant) under a lease. Most motel leases are granted for an initial term, with an...
Introduction Getting the consent of a body corporate committee to the sale of a management rights business can be stressful. Far too often we see petty disputes over issues like “what amounts to reasonable evidence of a buyers financial standing” or “what gardening...
Introduction If you are going to buy a management rights business in a holiday letting or serviced apartment strata scheme, you need to know: if the business is deemed to be a managed investment scheme (MIS) under the Corporations Act 2001; if it is an MIS, whether...
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