Why your house conveyancing solicitor or your tax accountant might not be your best choice when buying a Management Rights business

16/07/2018 by Rod Askew – RCA Business Brokers

You wouldn’t go to see your doctor if your dog is unwell or take your new car to the wreckers to have it serviced.

Just as a Doctor and Vet are both involved in types of medicine and Car Dealers and Wreckers are both involved with cars, they aren’t necessarily your first choice pick when a particular specialist required task arises.

It’s no different with Solicitors and Accountants.

Some solicitors specialise in litigation or divorce and know very little about property or business conveyancing and similarly, some accountants specialise in Tax work and never get involved in audit or business verification work.

For that reason, when it comes to selecting a solicitor or an accountant to handle the sale or purchase of your management rights business, there are specialists in each field to handle the job.

Nothing raises a red flag quicker with your agent than when the buyer nominates a solicitor or accountant on the contract that has never been involved with management rights.

You just know that things are going to go wrong or be protracted at every step.

Solicitors who understand the complex BCCM Legislation and workings of Bodies Corporate are not sitting in your local conveyancing office waiting for a management rights deal to come across their desk.

Certain specialists, known to your agent handle 99% of management rights transactions in both the legal and accounting fields.

Please, Please, Please seek advice on the best specialists to use before signing the contract.

It could just save you thousands of dollars in legal or accounting fees.

Best Regards

The RCA team