Question about property management contract

[Diana B.]

-Real estate agent procured tenant.

-Property manager was hired 10 days later to handle repairs, tenant questions and HOA compliance.

-Tenant stayed for 2 years and will leave at the end of the lease.  Lease, rent collection and accounting is handled by owners.   

-The future of the property is uncertain.

-30 day notice was provided to PMC.

-PMC is charging a termination fee.  It is in the contract which auto renews each year unless notice is given.

-This is a natural expiration of the lease and there are no services to provide after lease end. 

Does it make sense that a termination fee would apply to this situation?

Thank you