Partnerships in management rights have become a very common occurrence, particularly in larger buildings.
We acted in the first syndicated partnership in management rights almost a decade ago and have acted in more than 50 partnership sales and purchases since. Essentially, we have written the book on partnership agreements in management rights.
As a result of this experience we know that:
- Our partnership agreement covers every eventuality that needs covering in a legal partnership agreement;
- We can advise partners about how issues will arise between them;
- If things do take a turn for the worse, we can help mediate, and solve disputes.
Our partnership experience is second to none.
Entering into a partnership is not without risks, in terms of additional people to deal with, but it has rewards in terms of diversification and the ability to leverage into a bigger management rights business. These are the factors that need to be balanced by each investor.
An example of an article where we talk about this issue: