The 30 Day Notice To Terminate Property Management Agreement is a crucial document used when a property owner wishes to end their relationship with their current property management company in England and Wales. This notice is typically required when the original management agreement contains a 30-day termination clause, or when such notice period is standard industry practice. The document ensures proper documentation of the termination decision, protects both parties' interests, and facilitates a smooth transition of management responsibilities. It includes essential details such as property information, termination date, handover arrangements, and final account settlements, while ensuring compliance with relevant property legislation and professional standards.
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1. Notice Date: Current date and effective date of notice
2. Party Details: Full names and addresses of both parties (property owner and management company)
3. Property Details: Full address and description of the managed property
4. Original Agreement Reference: Date and details of the original management agreement being terminated
5. Notice Period: Clear statement of the 30-day notice period and termination date
6. Reason for Termination: Brief explanation if required by original agreement
1. Handover Arrangements: Details of transition process, applicable when new management company is appointed
2. Final Accounts: Arrangements for settling final accounts and transferring funds
3. Property Documentation: Arrangements for transferring property records and documentation
1. Original Management Agreement: Copy of the agreement being terminated
2. Financial Statement: Current statement of accounts and outstanding matters
3. Property Inventory: List of documentation and items to be transferred
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