What Notice Is Required to Terminate a Management Agreement?
Introduction Management agreements—whether for property management, hotel operations, community associations, or investment portfolios—establish the working relationship between an owner and a management firm. But circumstances change: underperformance, strategic shifts, or market dynamics can prompt an owner to end the relationship. In such cases, knowing exactly what notice you must give—and under what conditions—is critical to […]
How Long Are Typical Management Contract Terms?
Introduction Whether you’re hiring a property manager, selecting an asset‑management firm, or partnering with a hotel operator, one of the first questions is: How long should the contract run? Contract length strikes a delicate balance—long enough for the manager to recoup investments and deliver results, yet flexible enough for the owner to exit if performance […]