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 […]
What Is a Management Agreement and How Do I Review One?
Introduction Whether you’re a property owner hiring a real estate manager, a company engaging a marketing agency, or a startup partnering with a technology service provider, a management agreement is the cornerstone of your relationship. This legally binding contract spells out each party’s rights, responsibilities, and remedies—ensuring expectations are aligned and risks are controlled. Yet […]