On 1 August 2025, Queensland’s property landscape fundamentally changed. The new seller disclosure regime applies to almost all freehold property sales—residential or commercial, freestanding or within a community titles scheme. This marks a clear move away from the traditional buyer beware model towards a framework where the seller must declare. The result: greater consistency and certainty for buyers, but also higher compliance risks for sellers.

Before you consider listing your business for sale, there are some key things you want to make sure are in order. Generally, many of the issues identified during a transaction can be resolved; however, checking everything before listing will assist your sale proceeding to go far smoother.

Unlike other conveyancing transactions, management rights matters have more parties than people realise and can often confuse: Who is who; Who can talk to who; and Why certain people cannot talk to others. It is a pretty important paradigm to understand and one that is often misunderstood, even by experienced advisers. Let’s take a look…

Managers of management rights businesses have lots to do daily, weekly and monthly, not to mention all the additional requirements the past few years have brought about, so it’s easy to see how managers could overlook the key dates in their agreements. We are here to remind you that it is time to grab your agreements and check all your key dates, and set some reminders.

The final matter is the adjustment of the income from letting business (ie. Letting commissions and other income). These adjustments are usually agreed upon between you and the Seller at the pre-settlement tuition. I do not have access to the books of the business and as such, they remain your responsibility.