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30 Day Notice To Terminate Property Management Agreement Template for England and Wales

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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 my residential property in Manchester, as I'm switching to a new management company from March 1, 2025, and need to ensure a smooth handover of all documentation and financial records."

Document background
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.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions












Clauses












Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property Act 1925: Fundamental property law principles and legal requirements for property-related notices in England and Wales

Landlord and Tenant Act 1985: Covers obligations of property managers, service charge requirements, and management standards

Housing Act 1988: Outlines property management responsibilities and tenant rights that might be affected by termination

Estate Agents Act 1979: Details professional obligations of property managers and terms of business requirements

Property Ombudsman Scheme: Sets out professional standards and Code of Practice for Residential Letting Agents

Consumer Rights Act 2015: Governs fairness of contract terms, notice periods, and transparency requirements

RICS Guidelines: Professional standards applicable if the property manager is RICS-regulated

Data Protection Act 2018 and UK GDPR: Regulations regarding handling of tenant/property data and transfer of information requirements

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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