Document background
The Managing Agent Termination Notice is a crucial document used in the Nigerian real estate sector when a property owner wishes to end their relationship with a property management agent or company. This document is essential for properly documenting the termination of management services, whether for cause or through natural expiration of the agreement. It must comply with Nigerian federal and state property laws, including the Estate Surveyors and Valuers Registration Act and relevant state-specific legislation. The notice typically includes specific details about the termination timeline, handover procedures, final accounting requirements, and any transition arrangements. It's particularly important in protecting both parties' interests and ensuring a clear record of the termination decision and its implementation process.
