What could be a reason for terminating a management agreement?

One reason for terminating a management agreement is a change in property ownership. When a property is sold or transferred to a new owner, the existing management contract may automatically terminate unless there is a specific provision stating otherwise. New owners may choose to hire a different property management company or manage the property themselves, reflecting a fundamental shift in the property's management needs based on the new owner's strategy or vision for the property. This practice is standard in the industry to ensure that the management team aligns with the priorities and goals of the new owner.

In contrast, while disputes over maintenance schedules, increases in tenant rent payments, and tenant satisfaction issues may be significant concerns, they typically do not serve as straightforward reasons for terminating a management agreement. These issues can often be negotiated or addressed through communication and adjustment of terms, rather than leading to a complete termination of the management relationship.