tiktok³ÉÈË°æ

All Countries
Employment
Termination Of Property Management Agreement

Termination Of Property Management Agreement Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Termination Of Property Management Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Termination Of Property Management Agreement

"I need a Termination of Property Management Agreement for my commercial office building in Lagos, with immediate termination effective January 15, 2025, including provisions for transferring all tenant security deposits and completing ongoing maintenance projects."

Celebrated by
Collaborations with
Investors
Document background
The Termination Of Property Management Agreement is a crucial document used when either a property owner or management company wishes to end their professional relationship in Nigeria. This document is typically employed when there is a mutual decision to end the arrangement, when the original contract term expires, or when either party exercises their right to terminate under the original agreement. It must comply with Nigerian property law, including the Land Use Act of 1978 and relevant state property regulations. The agreement covers essential elements such as final accounting reconciliation, transfer of property documents and records, handling of tenant deposits, and the transition process. It provides legal protection for both parties by clearly defining their rights and obligations during and after the termination process, including any surviving obligations or indemnities.
Suggested Sections

1. Parties: Identification of the Property Owner and the Property Management Company, including full legal names and addresses

2. Background: Reference to the original Property Management Agreement, including its date, subject property details, and key terms

3. Definitions: Key terms used throughout the agreement, including 'Effective Date', 'Property', 'Original Agreement', and 'Transition Period'

4. Termination Date: Clear statement of when the property management services will cease

5. Final Accounting: Provisions for final reconciliation of accounts, including management fees, expenses, and tenant deposits

6. Handover of Documents: Requirements for transfer of all property-related documentation, keys, and access codes

7. Tenant Notification: Process for informing tenants of the change in property management

8. Mutual Release: Release of liabilities and obligations between parties post-termination

9. Surviving Obligations: Specification of any obligations that continue after termination

10. Governing Law: Statement that the agreement is governed by Nigerian law

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Outstanding Repairs: Include when there are ongoing maintenance or repair works that need to be addressed during transition

2. Security Deposits: Include when there are tenant security deposits to be transferred or accounted for

3. Pending Legal Actions: Include when there are ongoing legal matters related to the property or tenants

4. Commission Structure: Include when there are outstanding or pro-rated commission payments to be addressed

5. Non-Disparagement: Include when parties wish to include provisions about maintaining professional conduct and preventing negative statements

6. Confidentiality: Include when there is sensitive information that needs to remain confidential post-termination

Suggested Schedules

1. Schedule 1: Property Details: List of properties covered under the termination agreement

2. Schedule 2: Financial Statement: Detailed accounting of all financial matters including outstanding payments, deposits, and reconciliations

3. Schedule 3: Document Inventory: Comprehensive list of all documents to be handed over

4. Schedule 4: Tenant Register: Current list of all tenants, their contact details, and lease status

5. Appendix A: Original Management Agreement: Copy of the original property management agreement being terminated

6. Appendix B: Handover Checklist: Detailed checklist of all items and tasks to be completed during the transition

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























Clauses




























Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Retail Property

Industrial Property

Hospitality

Office Space Management

Mixed-Use Development

Asset Management

Relevant Teams

Legal

Real Estate

Property Management

Operations

Asset Management

Facilities Management

Contract Administration

Risk Management

Compliance

Property Services

Relevant Roles

Property Manager

Real Estate Manager

Asset Manager

Facility Manager

Property Owner

Real Estate Director

Operations Manager

Legal Counsel

Contract Manager

Portfolio Manager

Property Administrator

Real Estate Agent

Building Manager

Estate Surveyor

Property Services Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Termination Of Lease Agreement By Tenant Letter

A formal notice document under Nigerian law for tenants to terminate their lease agreement with their landlord, including essential termination details and compliance with local legal requirements.

find out more

Ending Tenancy Agreement Letter

A formal notice document under Nigerian law used by tenants to communicate their intention to end a tenancy agreement, including essential termination details and arrangements.

find out more

Letter Not To Renew Contract

A formal notice under Nigerian law informing the other party of the intention not to renew an existing contract upon its expiration.

find out more

At Will Contract

A Nigerian At-Will Employment Contract establishing flexible employment terms while ensuring compliance with Nigerian labor laws.

find out more

Early Release Tenancy Agreement

A Nigerian law-compliant agreement template for the mutually agreed early termination of a tenancy, outlining termination terms and obligations of all parties.

find out more

Automatic Termination Of Contract

A Nigerian law-compliant document that establishes conditions and processes for automatic contract termination upon specific trigger events.

find out more

Termination Of Property Management Agreement

A Nigerian law-governed agreement that terminates an existing property management relationship, outlining termination terms and transition procedures.

find out more

Ending A Fixed Term Tenancy Agreement Early

A Nigerian law-compliant agreement for the early termination of a fixed-term tenancy, outlining termination terms and mutual obligations.

find out more

Cancellation Of Agreement For Sale

A Nigerian law-compliant agreement that formally terminates an existing sale agreement between parties, outlining termination terms and mutual obligations.

find out more

Early Termination Of Employment Contract

A Nigerian law-governed agreement that formally documents the early termination of employment between employer and employee, outlining separation terms and mutual obligations.

find out more

Service Contract Cancellation Letter

A formal letter governed by Nigerian law used to terminate an existing service contract, including termination details and settlement terms.

find out more

Cancellation Contract

A Nigerian law-governed agreement that formally terminates an existing contract between parties, outlining cancellation terms and mutual releases.

find out more

Exit Agreement

A Nigerian law-governed agreement that formalizes employment termination, outlining separation terms, payments, and obligations between employer and employee.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.