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The Notice Of Termination Of Property Management Agreement is a crucial document used in the Philippines when a property owner or authorized entity wishes to formally end their relationship with a property management service provider. This document is essential for ensuring a clear and legally compliant termination process, governed by the Civil Code of the Philippines and the Real Estate Service Act (RESA). It should be used when the property owner decides to either change property management companies, take over management themselves, or when the property management company has failed to meet their contractual obligations. The notice typically includes specific termination dates, handover requirements, final accounting requests, and transition arrangements. It serves as official documentation of the termination decision and helps protect both parties' interests during the dissolution of the management relationship.

1. Letterhead and Date: Company letterhead (if applicable) and current date of the notice

2. Recipient Details: Full name and address of the property management company/manager

3. Subject Line: Clear indication that this is a Notice of Termination of Property Management Agreement

4. Reference Information: Details of the original agreement including date of execution and property details

5. Notice of Termination: Clear statement of intent to terminate the agreement

6. Effective Date: Specific date when the termination will take effect, ensuring compliance with notice period requirements in the original agreement

7. Reason for Termination: Brief explanation of the grounds for termination, if required or appropriate

8. Handover Requirements: List of specific actions required for the handover of property management responsibilities

9. Final Accounting Request: Request for final accounting of all financial matters related to the property

10. Signature Block: Name, title, and signature of the authorized person issuing the notice