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...... serving
the corporate and industry needs of members in order that ARAMA can
properly represent |
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the interests of
all stakeholders and the resident accommodation industry as a whole. |
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| ARAMA
members operate management rights or are associated with the management
rights industry. “Management
rights” is a business that a resident manager conducts in a property that
operates under body corporate, strata or community titles legislation.
There are several parts of the business:
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The resident manager owns a
unit in the building as well as owning the business. Hence he has a
financial interest in the scheme and conducts his business from the
site.
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The manager has a written
caretaking contract with the body corporate or owners’ corporation to
provide caretaking services for the complex for an agreed salary and for
an agreed time period.
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The manager has a written
authorisation from the body corporate or owner’s corporation to operate
a letting business for those investor owners who choose to use his
services. To operate this business, he must hold the necessary agent’s
licence issued by the Office of Fair Trading and operate a trust
account.
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The manager has a written
appointment from each owner for whom he acts, to provide the services of
letting agent for his property.
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| The
resident manager may operate in a holiday complex where most guests have
short-term rentals or in a complex designed for long-term occupation by
tenants and owner occupiers. |
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ARAMA thanks Resort
Brokers Australia for its assistance as foundation sponsor. |
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