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New beginnings on REIQ Board

New beginnings on REIQ Board

The Real Estate Institute of Queensland (REIQ) today announced the retirement of non-member Director Eddie Chung, who has smoothly handed the baton t

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Introducing- The Management Rights pre-sale report

Introducing- The Management Rights pre-sale report

Understanding the A – Z of Management RightsEnsure a smooth sale of your Management Rights business with our comprehensive pre-sale legal repor

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REIQ welcomes weeding out of substandard training practices

REIQ welcomes weeding out of substandard training practices

The Real Estate Institute of Queensland (REIQ) is warning not all real estate courses are created equal and is commending a crackdown on poor quality

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Upcoming Events

Letts Group: Build, Protect & Retain Strategic Training

Letts Group: Build, Protect & Retain Strategic Training

Are you an onsite manager looking to fortify your skills and ensure the sustained growth of your letting pool? Look no further! Our half-day face-to-f

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Join us for an even bigger and better 2024 TOP Awards

Join us for an even bigger and better 2024 TOP Awards

Please join us for an extraordinary evening of celebrations as we honour the outstanding individuals who have shaped the management and letting rights

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Featured Management Rights

 

What Are Management Rights?

‘Management Rights’ or 'Management Letting Rights' (MRs and MLRs, respectively), are businesses concerned with the maintenance and management of community titled complexes. Management Rights consist of three components: The caretaking agreement to maintain the complex for the body corporate; The letting business allowing the manager to manage rentals within the complex; and The Lot which is the unit, car space, storage areas and office that are owned by the manager in which to reside and run their business. Essentially, a management rights is a business, and a house, combined.