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The Termination Of Management Agreement Letter is a crucial business document used in New Zealand when one party wishes to formally end a management arrangement. This document is typically employed when there's a need to conclude a management relationship due to various reasons such as contract completion, performance issues, strategic changes, or mutual agreement. It must comply with New Zealand's legal framework, particularly the Contract and Commercial Law Act 2017 and relevant business regulations. The letter should clearly state the termination basis, effective date, and any transitional arrangements while ensuring all contractual notice periods and conditions are met. It serves as an official record of the termination decision and outlines the steps needed to conclude the management relationship professionally and legally.

1. Sender's Details: Full company name, address, and contact information of the party initiating the termination

2. Date: The date when the termination letter is written

3. Recipient's Details: Full name, title, company name and address of the management company or manager

4. Reference Line: Clear reference to the Management Agreement being terminated, including its date and parties

5. Notice of Termination: Clear statement of intention to terminate the management agreement

6. Termination Basis: Reference to the relevant clause in the original agreement allowing termination and/or grounds for termination

7. Effective Date: Specific date when the termination becomes effective, considering notice periods required under the original agreement

8. Outstanding Obligations: Statement regarding any outstanding fees, accounts, or obligations that need to be settled

9. Return of Property: Requirements for returning any company property, documents, or confidential information

10. Closing Statement: Professional closing including any requirements for acknowledgment or response

11. Signature Block: Space for signature, name, and title of the authorized person sending the letter