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1. Parties: Identification of the Property Owner and the Property Management Company, including their full legal names, addresses, and registration details
2. Background: Reference to the original Property Management Agreement, including its date, property details, and key terms
3. Definitions: Key terms used in the termination agreement, including 'Effective Date', 'Handover Date', 'Final Settlement', etc.
4. Termination Notice: Formal declaration of termination, stating the effective date and referring to the relevant clause in the original agreement
5. Outstanding Obligations: List of any remaining duties, fees, or obligations of either party that need to be fulfilled before termination
6. Handover Procedure: Detailed process for transferring property management responsibilities, including documentation, keys, and access codes
7. Final Accounts Settlement: Process for reconciliation of accounts, including management fees, maintenance costs, and any security deposits
8. Release and Discharge: Mutual release from future obligations, subject to completion of handover and settlement
9. Governing Law: Confirmation that the termination is governed by UAE law and relevant emirate-specific regulations
10. Execution: Signature blocks and execution details for both parties
1. Dispute Resolution: Include when parties wish to specify particular dispute resolution mechanisms for matters arising from the termination
2. Confidentiality: Include when there are specific confidentiality requirements post-termination
3. Non-Compete Provisions: Include when the original agreement contained non-compete clauses that need to be addressed
4. Third Party Notifications: Include when there are specific requirements to notify tenants, service providers, or authorities
5. Survival Clauses: Include when certain provisions from the original agreement need to survive termination
6. Insurance Matters: Include when there are specific insurance policies or claims that need to be addressed
1. Schedule 1 - Property Inventory: Detailed list of all property items, equipment, and documents to be handed over
2. Schedule 2 - Financial Statement: Comprehensive statement of accounts, including outstanding payments, deposits, and reconciliations
3. Schedule 3 - Handover Checklist: Itemized list of all tasks, documents, and items required for complete handover
4. Schedule 4 - Maintenance Log: Summary of ongoing maintenance issues, warranties, and contractor contacts
5. Appendix A - Original Agreement: Copy of the original Property Management Agreement being terminated
6. Appendix B - Property Documents: Copies of relevant property documents, permits, and certificates to be returned
Original Property Management Agreement
Property
Owner
Manager
Effective Date
Termination Date
Handover Date
Final Settlement Date
Handover Process
Outstanding Obligations
Security Deposit
Management Fees
Property Records
Maintenance Contracts
Service Providers
Final Account Statement
Applicable Laws
RERA
Business Day
Confidential Information
Force Majeure
Governing Law
Intellectual Property
Material Breach
Notice
Parties
Property Documentation
Release
Representatives
Settlement Period
Transition Period
UAE
Working Hours
Effective Date
Handover Requirements
Final Accounts
Outstanding Payments
Security Deposit
Key Return
Documentation Transfer
Property Access
Maintenance Obligations
Service Provider Notifications
Tenant Communications
Confidentiality
Non-Compete
Intellectual Property
Release and Discharge
Indemnification
Dispute Resolution
Governing Law
Force Majeure
Survival
Notices
Assignment
Amendment
Severability
Entire Agreement
Third Party Rights
Counterparts
Costs and Expenses
Regulatory Compliance
Real Estate
Property Management
Facilities Management
Hospitality
Commercial Property
Residential Property
Asset Management
Property Development
Legal
Real Estate Operations
Property Management
Facilities Management
Contract Administration
Compliance
Asset Management
Client Relations
Operations
Finance
Property Manager
Real Estate Manager
Facilities Manager
Asset Manager
Legal Counsel
Real Estate Director
Operations Manager
Contract Manager
Compliance Officer
Property Owner
Portfolio Manager
Real Estate Administrator
Building Manager
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