Common use of Start Date and End Date of Agreement Clause in Contracts

Start Date and End Date of Agreement. This Agreement shall begin on _________, 2020 and shall continue for a term of X (X) months. This Agreement shall automatically renew for successive twelve (12)-month periods until terminated. The specific Start Date for any particular Property will be the date Broker receives proof of ownership that Owner is the owner of record for the Property along with notification from Owner to add the specific subject Property to Exhibit A. Either Party may terminate this Agreement or remove a property from management for any reason or no reason without penalty or premium by providing the other Party with written notice to terminate the Agreement or remove a property from management, which termination shall be effective upon the date specified in such written notice, which date shall be at least 60 days after the date such written notice is given, regardless of when the next automatic renewal date falls. Notwithstanding the foregoing, Owner may terminate this Agreement by providing written notice of same to Broker which termination shall be effective immediately if Owner is giving Broker notice of such termination in connection with Broker’s gross negligence, willful misconduct, fraud, or breach of this Agreement. Upon termination, all approved unreimbursed costs or expenses will be paid to the counterparty