The building manager runs a business that is commonly known as “management rights”.
The management rights business has two aspects to it, both of which come from contractual privileges, rights and responsibilities with the Body Corporate/Owners Corporation. The contract form must comply with strict requirements. The Body Corporate/Owners Corporation enters a contract with the building manager to either perform or to supervise the onsite caretaking of the common property. Caretaking usually involves maintenance–style services. For these services, the Body Corporate/Owners Corporation will pay the building manager remuneration in accordance with the agreement. Secondly, the Body Corporate/Owners Corporation authorises the building manager the right to run an on-site letting business for the owners that wish to take advantage of this service.
The caretaking services provided by the building manager are specified in the caretaking agreement between the resident manager and the Body Corporate/Owners Corporation. Usually, the building manager will be responsible for duties such as maintaining the garden, mowing lawns, cleaning, lifts, lobbies, changing light bulbs and overseeing refuse collection. The building manger also plays an important role in confirming work has been done (to the standard required) by the other Body Corporate/Owners Corporation contractors and service providers.
The letting agent aspect of management rights authorises the building manager to conduct a letting business for the lots in the scheme.
The building manager’s report to the committee is an important part of the committee meeting. As the Building manager is both the eyes and the ears of the Body Corporate/Owners Corporation on-site, it is essential for the committee to be brought up to speed with cleaning, maintenance and by-law issues. This is done most effectively with a written report that is prepared by the building manager before the meeting and circulated with the notice of a meeting but can also be provided at the meeting.
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