The different definitions of a community

Written on the 28th of February 2010 by Frank Higginson

One of the ‘joys’ of the management rights industry is that there are no two identical management rights businesses. Each business has its own idiosyncrasies, whether they relate to the income streams, types of units, forms of management agreements and the like.

More importantly though are the individual personalities that form part of the scheme. Bodies corporate are also known as ‘community’ title schemes, although the definition of ‘community’ from scheme to scheme varies quite widely...

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