All Topics / Help Needed! / Help with my investment unit

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  • Profile photo of lukebe2lukebe2
    Member
    @lukebe2
    Join Date: 2004
    Post Count: 20
    October 15, 2009 - 9:18 am

    Hi – I purchased a unit some years back that I have a real estate agent managing. It is in QLD and is part of a smaller complex with 14 units (3 story).
    I'm new to all of this.

    It seems their is a letting agreement between the body corporate and the company I purchased this through.
    What is this for if I have an agent managing my property?
    If there is no need I dont see why I cannot cancel since the contract states I can use other letting services and
    why would this ever be put in place for?

    Thanks.
    Luke

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    October 15, 2009 - 11:26 am

    As the registered owner unless the original Development had a management right condition or similar there is no reason why you cant use any property manager for your rental.

    Richard Taylor | Australia's leading private lender

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