Can our Board fire the Management Company mid-contract?
Three things to check in order: the termination clause and its notice period, whether notice must be delivered a particular way (certified mail is common and email frequently does not count), and whether an auto-renewal window has already passed. Then confirm who is authorized to sign the notice — usually the president, sometimes requiring a recorded Board vote first.
Give the notice in writing, keep it factual, and do not itemize grievances in it. The termination letter is not the place to make a case; it is a contractual notice, and anything argumentative in it can surface later.
General information for Board members, not legal advice. State law and your governing documents control, and both vary.
More on the agreement
- What is an evergreen clause and should we accept one?
- How long should our management agreement run?
- Should the fee schedule be attached to the agreement?
- What is an indemnification clause and should we accept a one-way one?
- Can our management agreement be transferred if the company is sold?
- Should our management agreement name our specific manager?
The RFP template, scope checklist, interview scorecard, notice calendar and transition checklist your Board would otherwise build from scratch. No email address, no signup, nothing sent to you afterwards.