Terminate Property Management Agreement Template – US

Notice

The information provided serves as a general overview regarding the cessation of ongoing property management services. It is not intended as legal advice and should not replace consultation with a qualified attorney experienced in real estate or contractual law. Regulations and requirements may differ based on jurisdiction, and necessary adjustments should be made to ensure adherence to local laws. The use of this guidance is solely at the user’s discretion, and no responsibility is assumed for any errors, omissions, or consequences resulting from its application without professional legal review.

Please note: This is a sample template for Termination of Property Management Agreement in the United States. Actual terms should be customized and reviewed legally.

Termination of Property Management Agreement – US Sample

Parties Involved:

Property Management Company: XYZ Property Services LLC
Address: 123 Main Street, New York, NY 10001

Property Owner: John Doe
Address: 456 Elm Street, New York, NY 10002

Property Details:

The property subject to this termination notice is located at 789 Pine Avenue, New York, NY 10003, or other designated property as specified in the management agreement.

Termination Terms:

This notice serves to formally terminate the Property Management Agreement effective as of [Date], in accordance with the termination provisions stipulated in the original agreement.

Responsibilities Upon Termination:

The Property Management Company shall cooperate with the owner to transition management responsibilities and settle any outstanding accounts or obligations.

Governing Law:

This termination shall be governed by the laws of the State of New York. Disputes arising from this termination shall be resolved within the jurisdiction of New York courts.

Additional Provisions:

• The Property Management Company shall return all property keys, documents, and records to the owner.
• Both parties agree to fulfill all obligations incurred prior to the termination date.
• This notice does not waive any rights or claims by either party.

New York, ______________________