Common use of Termination of Management Service Clause in Contracts

Termination of Management Service. The Management Service may be terminated by either party serving advance written notice of one month which will expire at the end of the Tenancy Term or after the expiration of one calendar month whichever is the soonest. At the expiry of such notice you will no longer be liable for the proportion of the fee relating to the Management service. However the fee applicable to the Rent Collection Service as above shall remain due and payable. In the event that either party terminates the Management Service it shall be without prejudice to any claim by either party against the other in respect of any monies due to any breach of the terms hereof.

Termination of Management Service. The Management Service may be terminated by either party serving advance written notice of one month which will expire at the end of the Tenancy Term or after the expiration of one calendar month whichever is the soonest. At the expiry of such notice you will no longer be liable for the proportion of the fee relating to the Management service. However However, the fee applicable to the Rent Collection Service as above shall remain due and payable. In the event that either party terminates the Management Service it shall be without prejudice to any claim by either party against the other in respect of any monies due to any breach of the terms hereof.