Termination Notice of a MAA

Just wondering what most people have as their termination period on their Managing Agency Agreement. I am just taking over from an Agency that has 120 days - wow that is a lot to be with an agency you are not happy with…

1 Like

We have a 3 month notice period although we rarely use it - tend work on the basis that notice is appreciated, but not a requirement.

1 Like

We have a 60 day notice period prior to the end of lease. If it is actioned earlier a 50% penalty fee is charged. This is to avoid owners from taking the great tenants that we put in their property and managing it themselves. If an owner isn’t happy and we cannot resolve the matter, the penalty fee is not something that we will hold them to. Same with the 60 day notice. Usually, if they are not happy, it is because we are not happy (the owner who won’t do maintenance for instance) and as a result we are open to reducing that time frame to allow us enough time to get everything together and farewell them.

1 Like