Term of Management Agreement

Term of Management Agreement

We execute 12 Month Exclusive Management Agreement with Owners. Our Agreement continues in full force unless the Owner or the Property Manager notifies the other party in writing 30 days prior to date of termination, with or without specific cause.

Owner has the right to cancel the Agreement with a 30 day notice in the event the Property Manager fails to perform the assigned tasks as expected.

In the event of the breach by either party of the terms of the Agreement, the non-breaching party has the right to terminate the Agreement upon 2 weeks written notice unless the breaching party cures such breach within 2 weeks of receipt of notice of breach.