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Sale of Management Rights

When it comes to selling a Management Rights business, it has been described by some as a simple process.

It isn’t.

While it does not include a legal due diligence investigation, they can include:

  • issues with figures and renegotiations;
  • legal due diligence questions and answers;
  • issues with valuation and finance;
  • transfer fee advice; and
  • the body corporate / committee trying to unreasonably withhold consent to the eventual assignment.

All of these aspects and issues need to be managed correctly.

The biggest variable in any Management Rights transaction is the body corporate. If the approval process is not managed correctly it can lead to nightmare consequences, including the sale falling over as a result.

When selling your Management Rights business getting the right advice is critical. 

The guide to selling management rights

Examples of articles where we talk about these issues:

When do you tell your body corporate you are selling?
Unreasonably withholding consent to a transfer of management rights
Vendor finance - worth considering?

 

 

 

Key Contact

Frank Higginson

Frank Higginson

Director

Body Corporate
Management Rights
Manufactured Home Parks
Motels