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1. Parties: Identification of property owner and property management company
2. Background: Reference to original agreement and context for termination
3. Definitions: Key terms used throughout the agreement
4. Effective Date of Termination: Specific date when management responsibilities will cease
5. Final Accounting Provisions: Requirements for final financial reconciliation
6. Transfer of Records: Process for transferring property and tenant records
7. Mutual Release: Release of future obligations and liabilities
1. Transition Period: Terms for handover period if immediate termination is not practical
2. Outstanding Fees: Settlement of any pending management fees when disputed or requiring special handling
3. Non-Compete Provisions: Restrictions on future business activities when original agreement contained non-compete clauses
4. Confidentiality: Ongoing obligations regarding confidential information when sensitive information was shared during management
1. Schedule A - Property Inventory: List of managed properties being transferred
2. Schedule B - Financial Statement: Final accounting of all funds and accounts
3. Schedule C - Tenant List: Current tenant information and lease status
4. Schedule D - Vendor Contracts: List of active service providers and contracts
5. Schedule E - Keys and Access Devices: Inventory of all property access items
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