Should Management Rights Contracts come under the Unfair Contracts Legislation?
The Federal Government is currently conducting a review of Unfair Contracts legislation.
Big developers are actually lobbying the Government to EXCLUDE management contracts for letting agents and caretakers in large accommodation and commercial buildings. WHY?
NFIB thinks it's because these contracts ARE typically VERY UNFAIR. They are deliberately designed to offer no protection for unit owners and tenants, and to be for excessively long terms. The longer the term and the more unfair, the higher the sale price the developer can command. Result: Many unit owners are suffering fraud, bullying, unconscionable conduct, or poor performance by richly rewarded letting agents, and are unable to enforce their rights.
Should these contracts be included in the Unfair Contracts Legislative Review?
Are management rights contracts for letting agents and caretakers typically unfair?
Tell us what you think. |
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