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
Resource
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