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Letter To Terminate Property Management Agreement
"I need a Letter to Terminate Property Management Agreement for our residential complex in Hong Kong, with termination effective March 1, 2025, as we're transitioning to a new management company, with specific requirements for the handover of security systems and financial records."
1. Sender's Details: Full name, address, and contact information of the party initiating the termination
2. Date: Current date when the termination notice is being issued
3. Recipient's Details: Full name and address of the property management company
4. Subject Line: Clear indication that this is a termination notice for the property management agreement
5. Reference to Original Agreement: Details of the existing property management agreement including date of execution and property address
6. Termination Statement: Clear and unambiguous statement of intention to terminate the agreement
7. Notice Period: Specification of the notice period being given and the effective termination date
8. Handover Requirements: List of specific actions required for the handover of property management responsibilities
9. Closing and Signature: Professional closing, signature block, and position/capacity of the signatory
1. Reason for Termination: Include if there are specific reasons for termination that need to be documented, especially if required by the original agreement or if termination is due to breach
2. Outstanding Matters: Include if there are any unresolved financial matters, pending maintenance issues, or other ongoing concerns that need to be addressed
3. Legal Authority: Include if the termination is being executed by a representative body (e.g., Owners' Corporation) to demonstrate proper authorization
4. Request for Acknowledgment: Include if formal confirmation of receipt is required from the property management company
5. Transition Plan Reference: Include if specific transition arrangements have been agreed upon or need to be negotiated
1. Schedule A - Property Details: Detailed description of the property/properties covered under the management agreement being terminated
2. Schedule B - Handover Checklist: Comprehensive list of items, documents, and responsibilities to be transferred
3. Appendix 1 - Original Agreement Reference: Copy or extract of relevant termination provisions from the original property management agreement
4. Appendix 2 - Authorization Documents: If applicable, documents proving authority to terminate (e.g., Owners' Corporation resolution)
Authors
Property
Management Company
Owner
Owners' Corporation
Effective Date
Termination Date
Notice Period
Handover Period
Common Areas
Management Services
Building
Premises
Original Agreement
Management Fee
Outstanding Charges
Property Records
Building Manager
Management Office
Handover Documents
Notice of Termination
Reference to Original Agreement
Effective Date
Notice Period
Handover Requirements
Return of Property
Outstanding Payments
Final Accounts
Transition Arrangements
Document Transfer
Keys and Access
Confidentiality
Cooperation
Governing Law
Authorization
Acknowledgment
Real Estate
Property Management
Facility Management
Building Management
Property Development
Real Estate Investment
Commercial Property
Residential Property
Mixed-Use Development
Legal
Property Management
Facilities Management
Operations
Administrative
Compliance
Real Estate
Building Management
Corporate Secretarial
Client Services
Property Manager
Facility Manager
Building Manager
Property Owner
Managing Director
Operations Director
Legal Counsel
Company Secretary
Property Management Director
Owners' Corporation Chairman
Estate Manager
Building Management Officer
Property Services Administrator
Compliance Officer
Real Estate Manager
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