Key Roles in Management Rights


1. Caretaker role

This involves taking care of the common property, such as the swimming pool, gardens, lighting, driveways and paths. Your agreement with the body corporate should include:

  • What you are expected to do for the agreed caretaking fee
  • The fees you can expect for additional work or responsibilities
  • The opportunity to have your caretaker fee increased at intervals

2. Letting role

Your letting agreement with the body corporate allows you the exclusive opportunity to let lots within the scheme. It could also require you to:

  • Advertise lots available for letting 
  • Vet potential tenants for suitability
  • Collect and account for rent
  • Operate an office and reception area during business hours.

You need to negotiate a separate letting agreement with each lot owner, not the body corporate. Both you and the lot owner are required to complete and sign a standard appointment form that details:
  • the services you will provide for the owner
  • the fees you will charge for those services
  • the duration of the appointment.

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