Varying Management Rights Agreements

 

This webinar discusses the how-to's and pitfalls of changing management rights agreements.

Top 3 Takeaways:

 

Strategy is Everything 

 You don’t simply decide to look at a variation and dive headfirst. You need a strategy regardless of who you are (committee, owner, MR holder or otherwise). And your starting point is always at the end: the general meeting. Strategy is about being clear on the outcomes you want and then what is required to achieve them. Get professional assistance on this as needed.  

 

Respect Legalities  

Charging into a variation without representation is fraught with danger. This is a contractual set of arrangements and making decisions about them without having qualified advice is a fool’s game.  

 

It’s Business 

Management rights are a commercial transaction. That’s it. It’s a business and should be treated like a business. You lose position, power and credibility when you make it personal, regardless of your status as MR holder, committee or owner. It’s a transaction. Don’t get sucked into the vortex of recrimination.  

 

Useful Links:

Exercising options and topping up webinar - https://blog.hyneslegal.com.au/webinars/management-rights-agreements-exercising-options-top-ups 

Gallery Vie newsletter - https://blog.hyneslegal.com.au/news/did-you-hear-the-rumours-about-bank-lending-on-management-rights 

Lobbying webinar "Politics of Strata - Counting the Numbers" - https://blog.hyneslegal.com.au/webinars/counting-the-numbers-the-politics-of-strata-part-1 

 

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Hynes Webinar Hosts

 

Frank Higginson photo

Frank Higginson
Partner & Director @ Hynes Legal

Frank has extensive experience in strata law and is an active participant in the body corporate and management rights industries. He regularly presents at industry events and offers thought leadership on why strata and body corporate disputes need to be resolved in a different way.

 

 

Chris Irons photo
Chris Irons
Director & Consultant @ Strata Solve

Formerly Queensland's Commissioner for Body Corporate and Community Management, Chris' experience in dealing with strata issues and resolving conflict in body corporate is unmatched. Chris bring unmatched experience to the table as well as a unique perspective on solving issues in strata. Chris now heads up strata consultancy firm Strata Solve.