Question

1. Both parties (owners and manager) have a right to terminate a management agreement. All the following are provisions that allow the owner or manager to terminate an agreement except:

   	A.	The property has been refurbished and meets brand standards,
   	B.	The property is significantly damaged or destroyed by fire.
   	C.	The property is condemened.
   	D.	The owner fails to maintain an agreed-upon minimal balance in the property's operating bank account.

Answer 1

Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!

Both parties (owners and manager) have a right to terminate a management agreement. All the following are provisions that allow the owner or manager to terminate an agreement except:
A. The property has been refurbished and meets brand standards.
Because if:
B. The property is significantly damaged or destroyed by fire, or
C. The property is condemned, or
D. The owner fails to maintain an agreed-upon minimal balance in the property's operating bank account.
Then the management has right to terminate the agreement. But if the property is refurbished to meet the brand standards then management cannot terminate the agreement.