The Terminate Property Management Agreement Template is designed for use when either party wishes to end an existing property management arrangement in Singapore. This document ensures compliance with Singapore's property management regulations while protecting both parties' interests during the termination process. It covers essential elements such as notice periods, handover procedures, final accounting, and ongoing obligations. The template is particularly useful when transitioning between property managers or when property owners decide to change their management structure.
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1. Parties: Identification of property owner and management company
2. Background: Reference to original agreement and reason for termination
3. Definitions: Key terms used in the termination agreement
4. Termination Date: Effective date of termination and notice period details
5. Handover Obligations: Requirements for transfer of property, documents, and responsibilities
6. Final Accounting: Settlement of accounts and financial matters
7. Release and Discharge: Mutual release of obligations under the original agreement
1. Transition Period: Terms governing handover period to new management when immediate termination is not practical
2. Confidentiality: Ongoing obligations regarding confidential information when sensitive information was shared during management
3. Dispute Resolution: Process for resolving any disputes post-termination when parties anticipate potential disputes
4. Survival Clauses: Provisions that continue after termination when certain obligations need to continue
1. Schedule of Property Assets: List of property assets to be transferred
2. Financial Statement: Final account statement and outstanding amounts
3. Handover Checklist: Detailed list of items and documents to be transferred
4. Original Agreement: Copy of the property management agreement being terminated
Relevant legal definitions
Agreement
Original Management Agreement
Effective Date
Termination Date
Property
Management Services
Handover Date
Handover Period
Management Fee
Outstanding Amounts
Property Records
Confidential Information
Force Majeure
Transition Period
Property Assets
Management Documents
Security Deposits
Service Contracts
Maintenance Records
Financial Records
Owner
Manager
Successor Manager
Authorized Representative
Business Day
Governing Law
Notice
Common Property
Building Systems
Operating Expenses
Original Management Agreement
Effective Date
Termination Date
Property
Management Services
Handover Date
Handover Period
Management Fee
Outstanding Amounts
Property Records
Confidential Information
Force Majeure
Transition Period
Property Assets
Management Documents
Security Deposits
Service Contracts
Maintenance Records
Financial Records
Owner
Manager
Successor Manager
Authorized Representative
Business Day
Governing Law
Notice
Common Property
Building Systems
Operating Expenses
Clauses
Termination Date and Effect
Handover Obligations
Final Accounting
Settlement of Accounts
Property Records Transfer
Confidentiality
Release and Discharge
Transition Arrangements
Outstanding Liabilities
Service Contract Assignment
Security Deposit Return
Indemnification
Intellectual Property
Data Protection
Non-disparagement
Force Majeure
Insurance
Employee Matters
Notice Requirements
Dispute Resolution
Governing Law
Survival Provisions
Third Party Rights
Entire Agreement
Severability
Assignment
Waiver
Further Assurance
Costs and Expenses
Property Access
Handover Obligations
Final Accounting
Settlement of Accounts
Property Records Transfer
Confidentiality
Release and Discharge
Transition Arrangements
Outstanding Liabilities
Service Contract Assignment
Security Deposit Return
Indemnification
Intellectual Property
Data Protection
Non-disparagement
Force Majeure
Insurance
Employee Matters
Notice Requirements
Dispute Resolution
Governing Law
Survival Provisions
Third Party Rights
Entire Agreement
Severability
Assignment
Waiver
Further Assurance
Costs and Expenses
Property Access
Relevant Industries
Relevant Teams
Relevant Roles
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