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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

  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.

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