{"id":14362,"date":"2018-06-20T15:28:17","date_gmt":"2018-06-20T15:28:17","guid":{"rendered":"https:\/\/www.process.st\/templates\/landlord-offboarding-checklist\/"},"modified":"2024-02-28T21:19:04","modified_gmt":"2024-02-28T21:19:04","slug":"landlord-offboarding-checklist","status":"publish","type":"post","link":"https:\/\/www.process.st\/templates\/landlord-offboarding-checklist\/","title":{"rendered":"Landlord Offboarding Checklist"},"content":{"rendered":"<section id=\"introduction\">\n<h2> Introduction: <\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/k8MF5lEhP5LOBAN2KhtPxg.png\" alt=\"Introduction:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/k8MF5lEhP5LOBAN2KhtPxg.png\" \/> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>There are <strong>numerous reasons<\/strong> why a property management agreement is terminated.<\/p>\n<p>Often, professional relationships between landlords and property managers break down because the <strong>landlord feels unsatisfied<\/strong> with the services they are receiving in exchange for what they feel is exceedingly high management fees, or have simply <strong>found what they feel is a better alternative. <\/strong>Perhaps they were <strong>never a good fit in the first place<\/strong>, and there is an <strong>opportunity<\/strong> for you to improve your <a href=\"https:\/\/www.process.st\/templates\/landlord-screening-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">landlord screening<\/a> and <a href=\"https:\/\/www.process.st\/templates\/landlord-onboarding-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">onboarding process<\/a>.&nbsp;<\/p>\n<p>Whatever the reason, ending the relationship in a <strong>painless and professional manner<\/strong> is critical to <strong>avoid unnecessary legal expenses<\/strong> and to <strong>maintaining a positive reputation<\/strong> amongst the landlord community as a successful and trusting property manager.<\/p>\n<p><strong>Run this checklist<\/strong> to ensure a<strong> smooth, legally sound offboarding process<\/strong> every time a landlord whose properties you manage decides to terminate the management agreement.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"first-steps\">\n<h2> First steps: <\/h2>\n<div class=\"text-content\">\n<p>The<strong> essential first steps<\/strong> to getting the landlord offboarding process underway are:<\/p>\n<ul>\n<li>Receiving a written notice from the landlord<\/li>\n<li>Reviewing the termination clause in the management contract<\/li>\n<li>Verifying the cause of termination and confirming the effective date<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"record-landlords-contact-details\">\n<h2> Record landlord's contact details <\/h2>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> First name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Last name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Phone number <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Address line 1 (street address) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Address line 2 (apartment, suite, unit) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> City <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> State <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> ZIP code <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"receive-written-notice-from-the-landlord\">\n<h2> Receive written notice from the landlord <\/h2>\n<div class=\"text-content\">\n<p>The first thing the landlord needs to do if they wish to terminate the management contract is to send you a <a href=\"https:\/\/www.ezlandlordforms.com\/documents\/property-management-contract-termination-128147\/\" rel=\"nofollow noopener\" target=\"_blank\">written notice<\/a>.<\/p>\n<p>Make sure the <strong>effective date of termination is included<\/strong> in the letter and provides <strong>at least 30 days notice<\/strong>. Depending on the contract the notice period may be up to 90 days.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Written notice for contract termination <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"review-termination-clause-in-the-management-contract\">\n<h2> Review termination clause in the management contract <\/h2>\n<div class=\"text-content\">\n<p>The termination clause will <strong>dictate<\/strong> under what circumstances you or the landlord can end the relationship prematurely and what <strong>penalties or costs will be incurred<\/strong> as a result.&nbsp;<\/p>\n<p>Carefully <strong>read through the termination clause<\/strong> in the contract to <strong>validate<\/strong> the landlord's request and clarify what the termination procedure will be.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Does the contract require cause to terminate the agreement? <\/label><br \/>\n   <select disabled=\"disabled\" class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Will the landlord need to pay a fee for early termination? <\/label><br \/>\n   <select disabled=\"disabled\" class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Are you required to notify tenants of the change in management? <\/label><br \/>\n   <select disabled=\"disabled\" class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"verify-the-cause-of-termination\">\n<h2> Verify the cause of termination <\/h2>\n<div class=\"multi-choice-content form-field-content\">\n<div class=\"form-group\">\n   <label> Why is the contract being terminated by the landlord? <\/label><br \/>\n   <select disabled=\"disabled\" class=\"form-control\"><option value=\"\">Multiple options can be selected from this list<\/option><\/select>\n  <\/div>\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Breach of contract\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Poor communication\/reporting\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Inadequate response time\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Inadequate maintenance performance\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Too expensive\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       6\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Service demands are not being met\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       7\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Excessive damage to a property\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       8\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Other\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Description of reason(s) for termination <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled=\"disabled\" class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"confirm-effective-date-of-termination\">\n<h2> Confirm effective date of termination <\/h2>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Effective date of termination <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"transfer-of-documentation\">\n<h2> Transfer of documentation: <\/h2>\n<div class=\"text-content\">\n<p>It's now time to <strong>begin proceedings to close the contract<\/strong> and part ways with the landlord.<\/p>\n<p>The following tasks are <strong>critical<\/strong> to the success of the termination and should be <strong>completed within 3-5 days<\/strong> of the contract being terminated.&nbsp;<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"provide-copies-of-all-lease-agreements\">\n<h2> Provide copies of all lease agreements <\/h2>\n<div class=\"text-content\">\n<p>Send the landlord copies of <strong>all tenant lease agreements.<\/strong><\/p>\n<p>If the agreements are stored in a <strong>digital folder<\/strong>, <strong>enter the link below<\/strong>, grant the landlord access and direct them to the folder by sending them the email below.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Tenant lease agreements - Date sent to the landlord <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"provide-a-record-of-tenant-security-deposit-obligations\">\n<h2> Provide a record of tenant security deposit obligations <\/h2>\n<div class=\"text-content\">\n<p>Provide the landlord with a <strong>list of all the tenants<\/strong> you managed and their <strong>security deposit obligations.&nbsp;<\/strong><\/p>\n<p>There may be some tenants that you were in the <a href=\"https:\/\/www.process.st\/templates\/tenant-onboarding-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\">process of onboarding<\/a> and that recently paid their deposit, while others may be in the process of moving out and need their deposits to be returned within a certain number of days.&nbsp;<\/p>\n<p>All of this information needs to be <strong>clearly stated in a document<\/strong> that will be sent to the landlord so they can assume the responsibility themselves or forward it to the new property management company that will begin representing them.<\/p>\n<\/p><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> List of tenant security deposit obligations <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Tenant security deposit obligations - Date sent to the landlord <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"financial-obligations\">\n<h2> Financial obligations: <\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hC-T-R0VENXn3Be5Q-pGXQ.jpg\" alt=\"Financial obligations:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/hC-T-R0VENXn3Be5Q-pGXQ.jpg\" \/> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"transfer-security-deposits-to-the-landlord-or-new-manager\">\n<h2> Transfer security deposits to the landlord or new manager <\/h2>\n<div class=\"text-content\">\n<p>Once you've provided the landlord with copies of all lease agreements and security deposit records, <strong>transfer all security deposits<\/strong> to the landlord or to the new management company they are using.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Date security deposit transfer was completed <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"provide-closing-financial-reportowners-ledger\">\n<h2> Provide closing financial report\/owner's ledger <\/h2>\n<div class=\"text-content\">\n<p>Send the landlord a <strong>closing financial report<\/strong> that includes:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Statement of all income and expenses\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Funds needed to cover all outstanding expenses\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\"><span>Does your contract contain a clause giving you <strong>permission to withhold owner funds<\/strong>, either all or a portion like the reserve, for a certain period of time to make sure all expenses are paid? If so, this should be stated in the financial report to avoid any misunderstandings after the contract has been terminated.<\/span><\/p>\n<p class=\"style-info\"><a href=\"http:\/\/www.trainagents.com\/DesktopModules\/EngageCampus\/CourseContent.aspx?ModuleType=StudentMyCourses&amp;CrsPageType=Topic&amp;CourseRecordID=113&amp;LessonRecordID=1414&amp;TopicRecordID=25698&amp;Demo=True\" rel=\"nofollow noopener\" target=\"_blank\"><span>Check out what information must be included in an owner's ledger<\/span><\/a><\/p>\n<\/p><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Closing financial report <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"collect-fee-for-early-termination\">\n<h2> Collect fee for early termination <\/h2>\n<div class=\"text-content\">\n<p>Depending on the <strong>termination clause in your contract<\/strong>, this fee will vary from a few hundred dollars to all fees the management company would have accumulated over the remaining length of the contract.&nbsp;<\/p>\n<p>State the total fee to be collected below and the date on which it was paid by the landlord.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Early termination fee ($) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled=\"disabled\" class=\"form-control\" \/>\n  <\/div>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Early termination fee - Date received <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"collect-outstanding-management-fees\">\n<h2> Collect outstanding management fees <\/h2>\n<div class=\"text-content\">\n<p>Collect any <strong>outstanding management fees<\/strong> owed by the landlord.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Outstanding management fees - Date received <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"pay-money-owed-to-the-landlord\">\n<h2> Pay money owed to the landlord <\/h2>\n<div class=\"text-content\">\n<p><strong>Depending on the termination clause<\/strong> in your contract, you will likely have <strong>30-60 days<\/strong> to complete payment of all funds owed to the landlord. This is because you must make sure you have the necessary<strong> funds to pay all expenses<\/strong> <strong>you owe<\/strong> before determining how much the landlord is owed.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Money owed to the landlord - Date all payments were completed <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled=\"disabled\" class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"tenant-communication\">\n<h2> Tenant communication: <\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/oahwmtAtwXh5LAFACwpOZg.jpg\" alt=\"Tenant communication:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/oahwmtAtwXh5LAFACwpOZg.jpg\" \/> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"send-all-tenants-a-written-notice\">\n<h2> Send all tenants a written notice <\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/qbgc_zmydnpvlQxpuH1MwA.jpg\" alt=\"Send all tenants a written notice\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/qbgc_zmydnpvlQxpuH1MwA.jpg\" \/> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>The final task to complete during landlord offboarding is to send each tenant a <strong>written notice in the mail<\/strong> explaining the change in management.&nbsp;<\/p>\n<p><strong>The letter should include:<\/strong><\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Statement that you are no longer managing the property\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Contact information for the owner's new agent (name and address)\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Where\/by whom their security deposit is being held\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"sources\">\n<h2> Sources: <\/h2>\n<div class=\"text-content\">\n<ul>\n<li><a href=\"https:\/\/www.thebalancesmb.com\/how-to-terminate-a-property-management-contract-2124822\" rel=\"nofollow noopener\" target=\"_blank\">Erin Eberlin - How to Terminate a Property Management Contract<\/a><\/li>\n<li><a href=\"https:\/\/www.upcounsel.com\/property-management-agreement\" rel=\"nofollow noopener\" target=\"_blank\">UpCounsel - Property Management Agreement<\/a><\/li>\n<li><a href=\"https:\/\/www.managemyproperty.com\/articles\/contract-termination-17\" rel=\"nofollow noopener\" target=\"_blank\">Jordan Muela - Contract Termination<\/a><\/li>\n<li><a href=\"https:\/\/www.priorilegal.com\/legal-forms-and-documents\/property-management-agreement\" rel=\"nofollow noopener\" target=\"_blank\">Priori - Property Management Agreement<\/a><\/li>\n<li><a href=\"https:\/\/www.thebalancesmb.com\/property-management-agreement-2124845\" rel=\"nofollow noopener\" target=\"_blank\">Erin Eberlin - 6 Basics of a Good Property Management Contract<\/a><\/li>\n<li><a href=\"https:\/\/www.allpropertymanagement.com\/ask-a-pro\/termination-procedure-for-property-manager\/\" rel=\"nofollow noopener\" target=\"_blank\">All Property Management - What is the Termination Procedure for a Property Manager?<\/a><\/li>\n<li><a href=\"http:\/\/www.landlordstation.com\/blog\/how-do-you-legally-terminate-a-contract-with-a-property-management-company\/\" rel=\"nofollow noopener\" target=\"_blank\">LandlordStation - How do you Legally Terminate a Contract With a Property Management Company?<\/a><\/li>\n<li><a href=\"https:\/\/www.baymgmtgroup.com\/blog\/6-reasons-to-fire-your-property-manager\/\" rel=\"nofollow noopener\" target=\"_blank\">Bay Management Group - 6 Reasons to Fire Your Property Manager<\/a><\/li>\n<li><a href=\"https:\/\/www.ezlandlordforms.com\/documents\/property-management-contract-termination-128147\/\" rel=\"nofollow noopener\" target=\"_blank\">EzLandlordForms - Property Management Contract Termination<\/a><\/li>\n<li><a href=\"http:\/\/www.trainagents.com\/DesktopModules\/EngageCampus\/CourseContent.aspx?ModuleType=StudentMyCourses&amp;CrsPageType=Topic&amp;CourseRecordID=111&amp;LessonRecordID=1397&amp;TopicRecordID=25442&amp;Demo=True\" rel=\"nofollow noopener\" target=\"_blank\">Train Agents - Termination, Transfer of Property Management<\/a><\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"related-checklists\">\n<h2> Related checklists: <\/h2>\n<div class=\"text-content\">\n<ul>\n<li><a href=\"https:\/\/www.process.st\/templates\/landlord-screening-checklist\/#related-checklists\" rel=\"nofollow noopener\" target=\"_blank\"><span>Landlord Screening Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/landlord-onboarding-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Landlord Onboarding Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/tenant-screening-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Tenant Screening Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/tenant-onboarding-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Tenant Onboarding Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/tenant-onboarding-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Tenant Eviction Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/real-estate-sales-process\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Real Estate Sales Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/home-inspection-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Home Inspection Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/home-staging-guide\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Home Staging Guide<\/span><\/a><\/li>\n<\/ul><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: 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. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":14363,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"cover_icon_emoji":"","cover_icon_url":"","tasks_count":"20","template_description":"Run this checklist when a landlord decides to terminate the management contract","template_id":"k9r72f3gibTLFz55p5JJFg","task_0":"Introduction:","task_slug_0":"introduction","task_1":"First steps:","task_slug_1":"first-steps","task_2":"Record landlord's contact details","task_slug_2":"record-landlords-contact-details","task_3":"Receive written notice from the landlord","task_slug_3":"receive-written-notice-from-the-landlord","task_4":"Review termination clause in the management contract","task_slug_4":"review-termination-clause-in-the-management-contract","task_5":"Verify the cause of termination","task_slug_5":"verify-the-cause-of-termination","task_6":"Confirm effective date 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