Understanding "Off-the-Plan" Management Rights

For the latest episode of the Building Your Business podcast, Chris Lewis and Smiljan Jankovic are joined by guest: Vanessa Sciortino, Special Counsel - Nicholsons Solicitors. Returning to the series following our March episode where we discussed legal and accounting issues affecting established Management Rights businesses, Smiljan and Vanessa provide their expertise on purchasing Management Rights "Off-the-Plan" and real life examples of complexities which come with that process. Throughout the episode, we explain what "Off-the-Plan" means, the key requirements for new caretaking and letting agreements, and what to lookout for in the purchase agreement from both a legal and financial perspective.