#25888
Lady Penelope
Strataguru

    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.