Common use of Transfer of Management Clause in Contracts

Transfer of Management. Should owners wish to terminate our management service, they should refer to their property’s Title Deeds / Deed of Conditions, which normally outlines the procedure to be followed and the form, and period, of Notice to be given. Generally, a majority vote by owners, taken at a correctly convened meeting, is sufficient, however, there may be circumstances in which more than a simple majority is required. If a meeting of owners is required, as part of the termination procedure, the written Notice of Termination, must provide details of the date and venue of the owners meeting, the owners in attendance, and the decision of each owner voting. The Notice period required by the Deed should be stipulated, and in the absence of a specified period, 4 weeks’ Notice of Termination should be provided. If the Title Deeds are silent, regarding the termination procedure, all owners within the property covered by the Deeds must be advised, in writing, of the proposal to terminate our appointment as Factor and be given the opportunity to support, or object to, the proposal. If a simple majority supports termination, a mandate signed by those owners supporting termination, should be delivered to our office, again providing four weeks’ Notice of their intention to terminate our management services. Notice of Termination must be provided by owners, as outlined, and Notice of Termination cannot be managed by, and will not be accepted from, any incoming Factor. Information on the procedure to manage the transfer, or termination, of our management, will be provided to owners following receipt / issue of Notice of termination, including details in respect to the provision of owners’ personal information, contract and management information to any incoming Factor and the preparation and provision of final accounts. In the event that Xxxx & Xxxxxxx wish to terminate our management of a property, we will provide all owners with a minimum of 4 weeks’ written notice, of the termination date. Service, or utility supply, contracts entered into on behalf of co-proprietors, in our capacity as Factor, will normally be transferred to the new Factor. In circumstances where there is no incoming Factor, or they do not wish to adopt the existing contract, or where a utility, or service, contract is held in the name of Xxxx & Liddell, the contract will be terminated, to coincide with the date of termination of our appointment, as Factor. All contract costs up to the date of termination, together with any cancellation costs incurred, are the responsibility of owners and will be included within the final accounting for common charges. We will arrange to undertake a final account for the development and issue it directly to all individual Owners, within 3 months of the date of termination, in accordance with the terms of the Property Xxxxxxx (Xxxxxxxx) Xxx 0000.

Appears in 1 contract

Samples: Service Level Agreement

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Transfer of Management. Should owners wish to terminate our management service, they should refer to their property’s Title Deeds / Deed of Conditions, which normally outlines the procedure to be followed and the form, and period, of Notice to be given. Generally, a majority vote by owners, taken at a correctly convened meeting, is sufficient, however, there may be circumstances in which more than a simple majority is required. If a meeting of owners is required, as part of the termination procedure, the written Notice of Termination, must provide details of the date and venue of the owners meeting, the owners in attendance, and the decision of each owner voting. The Notice period required by the Deed should be stipulated, and in the absence of a specified period, 4 weeks’ Notice of Termination should be provided. If the Title Deeds are silent, regarding the termination procedure, all owners within the property covered by the Deeds must be advised, in writing, of the proposal to terminate our appointment as Factor and be given the opportunity to support, or object to, the proposal. If a simple majority supports termination, a mandate signed by those owners supporting termination, should be delivered to our office, again providing four weeks’ Notice of their intention to terminate our management services. Notice of Termination must It should be provided by owners, as outlined, and Notice of Termination cannot be managed by, and will not be accepted from, any incoming Factor. Information on the procedure to manage the transfer, or termination, of our management, will be provided to owners following receipt / issue of Notice of termination, including details in respect to the provision of owners’ personal information, contract and management information to any incoming Factor and the preparation and provision of final accounts. In the event noted that where Xxxx & Xxxxxxx wish to terminate our management of a arrange the common insurance policy for the property, we the insurance cover will provide all owners with continue until the next renewal date, as cover is placed at each renewal for a minimum period of 4 weeks’ written notice12 months, and no return premium is available in the event of the termination dateearly cancellation. Service, or utility supply, contracts entered into on behalf of co-proprietors, in our capacity as Factor, will normally be transferred to the new Factor. In circumstances where there is no incoming Factor, or they do not wish to adopt the existing contract, or where a utility, or service, contract is held in the name of Xxxx & Liddell, the contract will be terminated, to coincide with the date of termination of our appointment, as Factor. All contract costs up to the date of termination, together with any cancellation costs incurred, are the responsibility of owners and will be included within the final accounting for common charges. We In the event that we wish to terminate our management of a property, we will arrange to undertake provide all owners with a final account for the development and issue it directly to all individual Ownersminimum of 4 weeks’ written notice, within 3 months of the date of termination, in accordance with the terms of the Property Xxxxxxx (Xxxxxxxx) Xxx 0000termination date.

Appears in 1 contract

Samples: Service Level Agreement

Transfer of Management. Should owners wish to terminate our management service, they should refer to their property’s Title Deeds / Deed of Conditions, which normally outlines the procedure to be followed and the form, and period, of Notice to be given. Generally, a majority vote by owners, taken at a correctly convened meeting, is sufficient, however, there may be circumstances in which more than a simple majority is required. If a meeting of owners is required, as part of the termination procedure, the written Notice of Termination, must provide details of the date and venue of the owners meeting, the owners in attendance, and the decision of each owner voting. The Notice period required by the Deed should be stipulated, and in the absence of a specified period, 4 weeks’ Notice of Termination should be provided. If the Title Deeds are silent, regarding the termination procedure, all owners within the property covered by the Deeds must be advised, in writing, of the proposal to terminate our appointment as Factor and be given the opportunity to support, or object to, the proposal. If a simple majority supports termination, a mandate signed by those owners supporting termination, should be delivered to our office, again providing four weeks’ Notice of their intention to terminate our management services. Notice of Termination must be provided by owners, as outlined, and Notice of Termination cannot be managed by, and will not be accepted from, any incoming Factor. Information on the procedure to manage the transfer, or termination, of our management, will be provided to owners following receipt / issue of Notice of termination, including details in respect to the provision of owners’ personal information, contract and management information to any incoming Factor and the preparation and provision of final accounts. In the event that Xxxx & Xxxxxxx wish to terminate our management of a property, we will provide all owners with a minimum of 4 weeks’ written notice, of the termination date. Service, or utility supply, contracts entered into on behalf of co-proprietors, in our capacity as Factor, will normally be transferred to the new Factor. In circumstances where there is no incoming Factor, or they do not wish to adopt the existing contract, or where a utility, or service, contract is held in the name of Xxxx & LiddellXxxxxxx, the contract will be terminated, to coincide with the date of termination of our appointment, as Factor. All contract costs up to the date of termination, together with any cancellation costs incurred, are the responsibility of owners and will be included within the final accounting for common charges. We will arrange to undertake a final account for the development and issue it directly to all individual Owners, within 3 months of the date of termination, in accordance with the terms of the Property Factors (Scotland) Act 2011. Xxxx & Xxxxxxx (Xxxxxxxx) Xxx 0000is registered with the Information Commissioner's Office. Our registration number is Z757770ł. As a client of Xxxx & Xxxxxxx Limited, information received about you will be processed and stored. This personal data will be held solely for the purposes of performing our duties as Managers of your property. From time to time, certain elements of this information may be provided to other directly interested third parties, where we are lawfully permitted to do so, and where such disclosure is made by us to meet our obligations as property managers. You have a right of access to personal information held by this company about you. You may correct factual errors in such information by sending a request to us that credibly shows the error. Any personal data which you inform us is incorrect will be amended or deleted, as appropriate. Applications for information should be made in writing Data Subject Request Xxxx & Xxxxxxx Limited 00 Xx. Xxxxx Xxxxxx Xxxxxxx G1 4AW Or emailed to xxxxxxxxxxxxxx@xxxx-xxxxxxx.xxx Xxxx & Xxxxxxx Ltd collects personal data, including names and addresses, in a number of different ways in order to perform its day-to-day business. We are committed to maintaining your personal information in a manner which meets the requirements of the General Data Protection Regulations and will take all reasonable steps to ensure that your personal data is kept secure against unauthorised access, loss, disclosure or destruction. In order to respect your privacy, we manage personal data in accordance with the Principles in Article 5 of GDPR, namely that person data shall be: - • Processed lawfully, fairly and in a transparent manner • Collected for specified, explicit and legitimate purposes • Adequate, relevant and limited to what is necessary • Accurate and, where necessary, kept up to date • Retained only for as long as necessary • Processed in an appropriate manner to maintain security You have the right to complain to the information Commissioner’s Office which enforces all data protection regulations and laws: xxxxx://xxx.xxx.xx/ The Information Commissioner’s Office – Scotland Xxxxx Xxxxxxxxx House Sibbald Walk Edinburgh EH8 8FT Telephone: 0000 000 0000 / Email: Xxxxxxxx@xxx.xxx.xx First Issue – October 2012 1st Update – October 2013 I. Pages 5/6 – Cover and Premiums & Claims details updated.

Appears in 1 contract

Samples: Service Level Agreement

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Transfer of Management. Should owners wish to terminate our management service, they should refer to their property’s 's Title Deeds / Deed of Conditions, which normally outlines the procedure to be followed and the form, and period, of Notice to be given. Generally, a majority vote by owners, taken at a correctly convened meeting, is sufficient, however, there may be circumstances in which more than a simple majority is required. If a meeting of owners is required, as part of the termination procedure, the written Notice of Termination, must provide details of the date and venue of the owners meeting, the owners in attendance, and the decision of each owner voting. The Notice period required by the Deed should be stipulated, and in the absence of a specified period, 4 weeks' Notice of Termination should be provided. If the Title Deeds are silent, regarding the termination procedure, all owners within the property covered by the Deeds must be advised, in writing, of the proposal to terminate our appointment as Factor and be given the opportunity to support, or object to, the proposal. If a simple majority supports termination, a mandate signed by those owners supporting termination, should be delivered to our office, again providing four weeks' Notice of their intention to terminate our management services. Notice of Termination must be provided by owners, as outlined, and Notice of Termination cannot be managed by, and will not be accepted from, any incoming Factor. Information on the procedure to manage the transfer, or termination, of our management, will be provided to owners following receipt / issue of Notice of termination, including details in respect to the provision of owners' personal information, contract and management information to any incoming Factor and the preparation and provision of final accounts. In the event that Xxxx & Xxxxxxx wish to terminate our management of a property, we will provide all owners with a minimum of 4 weeks' written notice, of the termination date. Service, or utility supply, contracts entered into on behalf of co-proprietors, in our capacity as Factor, will normally be transferred to the new Factor. In circumstances where there is no incoming Factor, or they do not wish to adopt the existing contract, or where a utility, or service, contract is held in the name of Xxxx & LiddellXxxxxxx, the contract will be terminated, to coincide with the date of termination of our appointment, as Factor. All contract costs up to the date of termination, together with any cancellation costs incurred, are the responsibility of owners and will be included within the final accounting for common charges. RESIDENTIAL PROPERTY MANAGEMENT SERVICE LEVEL AGREEMENT NOVEMBER 2024 EDITION We will arrange to undertake a final account for the development and issue it directly to all individual Owners, within 3 months of the date of termination, in accordance with the terms of the Property Factors (Scotland) Act 2011. It should be noted that where Xxxx & Xxxxxxx (Xxxxxxxx) Xxx 0000.arrange the common insurance policy for the property, the insurance cover will end at the same time as our appointment as Property Manager. Owners, or the incoming Property Manager, will require to arrange alternative, and appropriate, Common Insurance Cover, in compliance with the Title Deed provisions, from the date of Termination. Xxxx & Xxxxxxx'x Common Insurance Policy is written specifically for properties by Xxxx and Xxxxxxx only, and is held in joint names, showing the policyholder as being the Co-proprietors and Xxxx and Xxxxxxx. It should also be noted that the Insurance is placed, at each renewal, for a period of 12 months, and, in the event of any mid-term cancellation, any return premium is only available at the discretion of the Insurer, Zurich plc, and entirely subject to no claims having been made. If authorised, any return premium will be provided on a "pro rata" basis, less Commission, as previously outlined within Insurance Section 6 viii . R&L R&L

Appears in 1 contract

Samples: Service Level Agreement

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