Document background
The Notice To Terminate Property Management Agreement is a crucial document used in the Philippine real estate sector when a property owner or authorized representative wishes to end their professional relationship with a property management company. This document must be drafted in accordance with Philippine law, particularly the Civil Code of the Philippines and the Real Estate Service Act (RESA). It serves as the formal mechanism to initiate the termination process, typically requiring specific notice periods as outlined in the original agreement. The notice should include essential details such as reference to the original agreement, effective termination date, property details, and transition requirements. It's particularly important in ensuring a proper handover of responsibilities and maintaining legal compliance in the Philippine jurisdiction.
