An attack on term is an attack on the entire Management & Letting Rights Industry.
The Management and Letting Rights industry (MLR) is locked in a war in which we are being attacked by the deadly weapons of exaggeration, misinformation, lack of disclosure, hidden agendas, corporate greed, and a need to exert power over other people, and fake news.
A tiny vocal minority is making a lot of noise trying to persuade the Queensland Government to cut the term of a MLR agreements from 25 years to three, or five or 10 depending on who you listen to. At the same time, they are also trying to ban short-term letting in Class 2 apartment buildings.
With these constant attacks on the MLR industry, it has never been more important for resident managers to not only do a great job, but to market themselves within their complex, to let everyone know of the great work they are doing.
The long-term value of management and letting rights faces a concerted attack from the opponents of long-term agreements.
If successful, the knockers will wreck the businesses of thousands of ‘mum and dad’ investors, and significantly damage Queensland's tourism industry. They do not seem to care. The attack on term will see the death of a true ‘mum and dad’ business and place thousands of small business operators at huge financial peril.
Long term MLR agreements are in the best interests of the scheme as they save lot owners money for the general upkeep of the common area and deliver a better residential amenity via a more careful selection of tenants, more responsive service delivery and better management of guest behaviour.
ARAMA knows this because we deal in facts and not fantasy…
…The MLR industry has been under attack for 30 years, and that’s why ARAMA was initially formed…
…Every five to 10 years government reviews its laws to make sure that they are 'fit for purpose'. The MLR Industry has seen law reviews take place in 1992, 1997, 2002, 2008, 2014, 2020 and again now.
But this time it is different
There is a concerted and co-ordinated attack on the MLR industry by groups and individuals who have a hidden agenda, are opposed to long term agreements and therefore the MLR industry.
And they stand to make a huge commercial windfall from the demise of the MLR industry if they succeed….
…We know that there are large interstate based commercial facility management companies waiting in the wings, who for years have been very keen to demolish the MLR Industry in Queensland, so that they can make a huge commercial gain but they know they just can’t compete with modern onsite management with long-term agreements. So, they have infiltrated organisations which claim to be acting in the best interests of unit owners to push their agenda.
If term is reduced, they will very quickly jack up the costs just like they have in Sydney and Melbourne. Lot owners will be forced to pay higher levies and have no independent cost comparison (like there is now) to measure the true value of the caretaking service.
MLR is now threatened by this tiny vocal minority who are proclaiming that long-term agreements are not in the best interests of a scheme, when clearly, they are. And they have no facts to support their argument - just more arguments!
We have reams of statistics and data to prove that long-term agreements work much better than short-term arrangements. They reduce costs, they increase value, and they create a better community and better rental returns for lot owners.
Leading the fight against the MLR Industry are a couple of small but noisy mobs who exaggerate their own importance and claim to be speaking on behalf of their members, which they do not.
We know that every MLR operator in this fascinating industry is behind ARAMA and supportive of our stance regarding long-term agreements. The same cannot be said about the other groups.
You have to ask why the knockers are pushing to wreck long-term agreements…
…If the knockers get their way a resident manager will not be able to extend the agreement for good performance and for saving a scheme hundreds of thousands of dollars.
That’s a shocking outcome.
To counter the attack on term, we need more people to join ARAMA as soon as possible. We are fighting for our industry’s future, and we need the safety and strength of numbers. We also need all our existing members to promote ARAMA to those yet to join our association.
To read the full ARAMA report and more about the fight to save MLR subscribe to Resort News HERE
