Tip 44 – Buying – Due diligence – Know your agreements

When the committee interviews you, they will want to know if you have read the agreements.  The caretaking engagement and letting authorisation are the most important documents in your management rights purchase.  They dictate your relationship with the body corporate as a contractor and, if it is written … then you must do it.  Ensure that you read and understand the agreements.  If you have any queries raise them with your lawyer, before the interview.