30 Day Notice To Terminate Property Management Agreement Template for Austria

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Key Requirements PROMPT example:

30 Day Notice To Terminate Property Management Agreement

"I need a 30 Day Notice To Terminate Property Management Agreement for a portfolio of five commercial properties in Vienna, with the termination to take effect from March 1, 2025, and including specific provisions for the handover of building security systems and maintenance contracts."

Document background
The 30 Day Notice To Terminate Property Management Agreement is a crucial document used in Austrian property management relationships when either a property owner or management company wishes to end their professional arrangement. This notice is specifically designed to comply with Austrian civil law requirements and property management regulations, providing the legally required 30-day notice period. It is typically used when there is a need to change property management services, when property ownership changes, or when either party wishes to end the management relationship for other reasons. The document must include specific details about the property, reference the original management agreement, and outline the transition process. It serves as an official record of the termination notice and helps ensure a proper handover of responsibilities, documentation, and property access methods.
Suggested Sections

1. Header and Date: Formal letter header including sender's details, recipient's details, and date of notice

2. Subject Line: Clear identification of the document as a Notice of Termination of Property Management Agreement

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

4. Reference to Original Agreement: Details of the original property management agreement including date of execution and any relevant reference numbers

5. Notice of Termination: Clear statement of intent to terminate the agreement and specification of the termination date (30 days from notice delivery)

6. Legal Basis: Reference to relevant clause in original agreement and/or applicable Austrian law permitting termination

7. Handover Requirements: Statement of expectations regarding the handover of property management responsibilities

8. Signature Block: Space for signature, name, and title of the authorized person giving notice

Optional Sections

1. Reason for Termination: Optional explanation of why the agreement is being terminated, if beneficial for maintaining professional relationships

2. Outstanding Obligations: Section detailing any pending financial settlements or obligations, if applicable

3. Transition Period Arrangements: Specific details about the transition process if a new property manager is already selected

4. Acknowledgment Request: Request for written confirmation of receipt of the termination notice

Suggested Schedules

1. Schedule A - Property Inventory: List of all properties covered by the termination notice

2. Schedule B - Handover Checklist: Detailed list of documents, keys, and other items to be returned

3. Schedule C - Outstanding Matters: List of any ongoing maintenance issues, pending payments, or other unresolved matters

4. Appendix 1 - Copy of Original Agreement: Copy of the original property management agreement being terminated

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

Relevant Industries

Real Estate

Property Management

Hospitality

Retail

Commercial Property

Residential Property

Asset Management

Facility Management

Property Development

Real Estate Investment

Relevant Teams

Legal

Real Estate Operations

Property Management

Asset Management

Facilities Management

Contract Administration

Property Administration

Compliance

Operations

Risk Management

Relevant Roles

Property Manager

Real Estate Manager

Asset Manager

Facility Manager

Property Owner

Real Estate Director

Operations Manager

Legal Counsel

Property Administrator

Estate Manager

Portfolio Manager

Building Manager

Real Estate Operations Director

Compliance Officer

Industries
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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