I hate to keep saying this, I’ve been in the industry for nearly 2 decades now, and in that time I’ve got to learn, craft and advise on management agreements that serve both the owner and operator.
With property owners diversifying their portfolios, and investors becoming more confident with the benefits that the flexible workplace market can offer, it is more important than ever that the principles of a management agreement and the impact that every clause can have on the performance of the operation are understood . For a start, heads of terms for a lease could be two pages long, whereas a management agreement might be 10 to 15 pages to include everything to protect both parties.
Read more in my comment piece in @PropertyWeek here – https://www.propertyweek.com/support-hub/scrutinising-flexible-workspace-management-agreements/5125365.article