Property Management
A Texas property manager who wants to terminate a management agreement before it expires should:
ASimply stop managing the property
BReview the termination provisions in the management agreement and follow the required notice and procedures✓ Correct
CNotify TREC immediately
DTransfer all files to the property owner without notice
Explanation
Management agreements contain specific termination provisions including required notice periods (often 30-90 days), conditions for termination, and requirements for transitioning management (transfer of files, tenant contact information, security deposits, etc.). The manager should follow these provisions to avoid liability for wrongful termination.
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