There are numerous reasons why a property management agreement is terminated.
Often, professional relationships between landlords and property managers break down because the landlord feels unsatisfied with the services they are receiving in exchange for what they feel is exceedingly high management fees, or have simply found what they feel is a better alternative. Perhaps they were never a good fit in the first place, and there is an opportunity for you to improve your landlord screening and onboarding process.
Whatever the reason, ending the relationship in a painless and professional manner is critical to avoid unnecessary legal expenses and to maintaining a positive reputation amongst the landlord community as a successful and trusting property manager.
Run this checklist to ensure a smooth, legally sound offboarding process every time a landlord whose properties you manage decides to terminate the management agreement.