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Notice Of Termination Of Property Management Agreement

Notice Of Termination Of Property Management Agreement Template for Switzerland

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Key Requirements PROMPT example:

Notice Of Termination Of Property Management Agreement

"I need to draft a Notice of Termination of Property Management Agreement for a residential apartment complex in Zurich, with the termination to take effect on March 31, 2025, including specific requirements for the handover of tenant security deposits and maintenance records."

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Document background
The Notice of Termination of Property Management Agreement is a crucial document used when either a property owner or a property management company wishes to end their professional relationship in Switzerland. This document is essential for properly concluding property management services governed by the Swiss Code of Obligations, particularly Articles 394-406 regarding mandate contracts. It should be used when either party wishes to terminate the existing property management arrangement, whether at the end of a contract term or prematurely according to the agreement's provisions. The notice typically includes essential information such as party details, property identification, effective termination date, handover requirements, and any specific instructions for the transition period. The document ensures compliance with Swiss legal requirements while maintaining professional standards in the property management industry.
Suggested Sections

1. Sender Details: Full legal name and address of the party giving notice (property owner or current property manager)

2. Recipient Details: Full legal name and address of the other party to the agreement

3. Date: Date of the termination notice

4. Reference Line: Reference to the existing Property Management Agreement including its date

5. Subject Line: Clear indication that this is a notice of termination

6. Property Details: Specific identification of the property/properties covered by the management agreement

7. Notice of Termination: Clear statement of intention to terminate the agreement

8. Effective Date: Specific date when the termination becomes effective, ensuring compliance with notice periods

9. Handover Requirements: Specific requirements for the handover of property management responsibilities

10. Closing: Professional closing, signature block, and contact information for further communication

Optional Sections

1. Reason for Termination: Include when there is a specific reason for termination that needs to be documented, or when required by the original agreement

2. Outstanding Matters: Include when there are pending issues, unresolved matters, or ongoing projects that need to be addressed

3. Final Accounting Requirements: Include when specific requirements for final accounting and financial reconciliation need to be outlined

4. Legal Reservations: Include when there are disputed matters or potential claims to be reserved

5. Continuation of Specific Obligations: Include when certain obligations survive the termination and need to be specifically mentioned

Suggested Schedules

1. Property Inventory List: Current inventory of managed properties and associated documentation to be handed over

2. Handover Checklist: Detailed list of items, documents, and responsibilities to be transferred

3. Outstanding Items Report: List of pending matters, ongoing projects, or unresolved issues

4. Financial Statement Summary: Summary of current financial position and pending transactions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Facilities Management

Commercial Property

Residential Property

Real Estate Investment

Property Development

Asset Management

Housing and Construction

Relevant Teams

Legal

Real Estate Operations

Property Management

Asset Management

Contract Administration

Facilities Management

Real Estate Services

Property Administration

Portfolio Management

Relevant Roles

Property Manager

Real Estate Manager

Asset Manager

Facility Manager

Real Estate Director

Property Management Supervisor

Real Estate Operations Manager

Legal Counsel

Contract Manager

Portfolio Manager

Property Administrator

Real Estate Services Director

Building Manager

Industries
Swiss Code of Obligations (OR) Art. 394-406: Provisions governing mandate contracts (Auftragsrecht), which form the legal basis for property management agreements, including basic obligations of the parties and termination rights
Swiss Code of Obligations (OR) Art. 404: Specific provision regarding the right to terminate a mandate contract at any time, which is particularly relevant for property management agreements
Swiss Code of Obligations (OR) Art. 165-166: Regulations concerning the assignment of rights and transfer of contractual relationships, relevant if the property management agreement includes such provisions
Swiss Civil Code (ZGB) Art. 712 et seq.: Provisions regarding condominium ownership and management, relevant if the property is part of a condominium complex
SVIT (Swiss Real Estate Association) Guidelines: Professional standards and recommended practices for property management in Switzerland, including guidelines for contract termination
Cantonal Property Management Regulations: Local regulations that may impose additional requirements for property management services and termination procedures in specific cantons
Swiss Code of Obligations (OR) Art. 11: Requirements regarding the form of contracts and notices, specifying when written form is necessary
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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