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29/11/2016 at 12:41 pm
#25888
Re dismissing a managing agent (from the Fair Trading NSW site):
A managing agent can only be dismissed, or have a delegation changed at a general meeting by a majority vote. Termination conditions, including payments, are detailed in the agent’s contract. Written notice of the decision must be given to that agent.
Ask for a copy of the Managing Agent Contract. The cost of breaking the Contract will be contained within the Contract.