ARMA members must deal with any handover in a professional, competent and efficient manner with agreed timescales whether they are the outgoing or incoming managing agent.

All agreed documents and uncommitted funds must be passed on at the agreed date of handover.

Covering Topics

  • Overview
  • Termination and Notice
  • Resignation by the Managing Agent
  • Termination by the Client
  • Termination if no Written Contract
  • Timescale for Handovers
  • Deficits
  • Disputes Over Unpaid Fees
  • Handover of Funds
  • Management During the Notice Period and Handover
  • Handover of Documentation
  • Right of Lien
  • Checklist for Handover
  • Appendix 1 - Suggested Professional Letter
  • Appendix 2 - Form of Mandate
  • Appendix 3 - Checklist of Records and Documents that Might be Required on a Transfer

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