The Process from Offer to Settlement

Managment Rights settlement processOnce you have accepted an offer on your management rights business, a contract must be signed by the buyer and you. A copy of the signed contract is then provided to both parties.

When the contract is signed by all parties, the buyer is required to pay a deposit (usually 5% of the purchase price ) with the balance of the purchase price paid at settlement.

Buyers of management rights businesses may have a cooling-off period linked to the residential portion of the management rights contract, during which they can withdraw from the sale. This cooling-off period is commonly used for buyers to begin to organise financial &legal due diligence and inspections of property e.g. pest or building inspections.

The cooling-off period can be waived, reduced, or extended by negotiation under certain circumstances.

The legal process for preparing and exchanging contracts, and the length and conditions of the cooling-off period can differ.

Your broker will explain the legal process applicable to your business transaction.


Settlement usually takes place between 2 to 3 months after the contracts are signed. At settlement the buyer officially becomes the owner of the property and all responsibility is passed from you to the buyer. Until settlement the property is still your responsibility so it is important you keep paying your insurances and rates.

Why Raine & Horne Commercial?

Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.