Management rights
Dedicated Management Rights Finance Specialists can assist with products and support you through the purchasing process.
What are management rights?
A Management Rights business involves the owner of the business living on the premises of a Community Title Scheme, acting as caretaker and letting agent of the scheme. Basically, you purchase the business, which comes with a residence in the complex, and are then responsible for the management and well-being of the complex. In most cases, you will receive a salary from the Body Corporate or other applicable association for your work, and commission and ancillary income for letting apartments.
Our dedicated Management Rights Specialists can help you choose the right products to suit your situation. Some of the available options include:
Commercial Term Loans: Structured to take into consideration the cash flow, remaining term of Management & Letting agreements and other aspects specific to the business.
Trust Account: For the collection and disbursement of rental payments.
Business Accounts: Cost effective business transaction and savings accounts to assist in the day to day operation of your business.
Business Payments: Business Payments is an effective way to pay staff, creditors and suppliers. You can make payments 24 hours a day, without leaving your office.
Internet Banking: Our Internet banking facility helps you keep track of all your accounts.
Customised & integrated finance options
One of our management rights specialists will discuss your financial options with you, in relation to your individual circumstances and your business requirements. They’ll also take into account:
- Legal issues
- Accounting
- Market buoyancy
- Your industry experience
- The length of time you plan to own the Management Rights
Our customised finance options for management rights can integrate purchasing finance with ongoing financial facilities and services, including:
- EFTPOS
- Internet banking
- Pre-approved equipment finance
- Business line of credit
- Finance for future growth
- Trust accounts
- Business accounts
- Electronic payment systems
Understanding what needs to be done, why and when, can ensure that there are no ‘surprises’ or unnecessary delays. Having an experienced Management Rights Finance Specialists to guide you along the way can be invaluable. Purchasing management rights is a complex process, but it doesn’t need to be a stressful one.
Contact one of our Management Rights Finance Specialists today, and let them help you secure the Management Rights opportunity of your dreams.
Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
The information contained in the Suncorp Bank Management Rights web pages is of a general nature only and does not constitute financial advice. We have not taken into consideration the personal objectives, circumstances or financial needs of any person.
Whilst every effort has been made to ensure the information contained in this guide (which is provided for general information purposes only) is correct as at 13 February 2024, Suncorp Bank does not guarantee or give any warranty in this regard and does not accept any responsibility or liability for any discrepancies or inaccuracies.
