Buying your first MR — what nobody tells you.
The five things that make or break a Management Rights deal, and the order they will hit you in.
[ cover image · mr-buyer-guide-2026 ]
Every first-time MR buyer learns the same five lessons. We can save you the tuition.
One: the body-corporate consent is not a rubber stamp. Two: the income split between caretaking and letting is not what the IM says it is. Three: the lender will value the goodwill at less than the contract price. Four: the unit you live in is also part of the deal. Five: the previous manager is your most valuable handover document — protect that relationship.
Each of these will hit you in roughly that order over the first 60 days. Plan accordingly.
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