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