Summary:
To help make your purchase as stress-free as possible, our management rights specialists have put together a detailed outline of all the critical steps and events you need to complete. If you’re not clear about any of the steps or events, just ask us.
What’s involved?
The link above takes you to a detailed diagram of the purchasing process, outlining all the critical steps or events, including:
- setting up your business structure
- arranging finance
- completing the Resident Letting Agent (RLA) licence course
- completing a verification report
- completing legal due diligence
- body corporate approval
- setting up financial services (e.g. letting trust account)
- settlement
- installing banking services (e.g. EFTPOS)
- obtaining the RLA licence.
Some of these steps can only be taken after formal preliminaries are completed. If you’re not clear about any of the steps or events, feel free to contact Suncorp Bank. And remember, it’s not wise to assume anything, even if you’ve purchased management rights before.