The Property Management Agreement is a crucial document used in the Irish real estate sector to formalize the relationship between property owners and professional property management companies. It is essential for properties requiring professional management services, from single commercial buildings to complex multi-unit developments. The agreement ensures compliance with Irish property law, including the Multi-Unit Developments Act 2011 and the Property Services (Regulation) Act 2011, while defining the scope of services, fee structures, and operational procedures. This document is particularly important given Ireland's stringent property management regulations and the need for clear delineation of responsibilities in property operations, maintenance, and tenant relations. The agreement typically includes comprehensive details about service levels, financial management, reporting requirements, and emergency procedures, making it an essential tool for professional property management relationships.
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1. Parties: Identification of the property owner and the property management company, including full legal names and addresses
2. Background: Context of the agreement, including property details and purpose of the management arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the property manager and duration of the agreement, including renewal terms
5. Property Manager's Services: Comprehensive list of core services to be provided by the property manager
6. Property Manager's Obligations: Legal and operational obligations of the property manager, including compliance requirements
7. Property Owner's Obligations: Responsibilities and obligations of the property owner
8. Fees and Payment Terms: Management fees, payment schedule, and additional cost structures
9. Insurance Requirements: Required insurance coverage for both parties
10. Reporting and Communication: Requirements for regular reporting, meetings, and communication protocols
11. Termination: Conditions and procedures for termination of the agreement
12. Liability and Indemnification: Scope of liability and indemnification provisions for both parties
13. Data Protection: GDPR compliance and data handling procedures
14. Governing Law: Confirmation of Irish law as governing law and jurisdiction
15. Notices: Procedures for formal communications between parties
16. Entire Agreement: Standard boilerplate confirming this as the complete agreement between parties
1. Emergency Services: Additional section for properties requiring 24/7 emergency response services
2. Multi-Unit Development Provisions: Specific provisions for managing multi-unit developments under the MUD Act 2011
3. Staff Management: Required when the property manager will be managing on-site staff
4. Capital Improvements: Procedures for managing major renovations or improvements
5. Green Building Management: Specific provisions for managing environmentally certified buildings
6. Security Services: Detailed security provisions for high-security properties
7. Marketing Services: For properties requiring tenant procurement services
8. Building Management System: Provisions for properties with automated building management systems
1. Schedule 1 - Property Details: Detailed description of the managed property, including address, facilities, and equipment
2. Schedule 2 - Services Specification: Detailed breakdown of all management services and their frequency
3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and payment terms
4. Schedule 4 - Key Performance Indicators: Performance metrics and service level agreements
5. Schedule 5 - Emergency Procedures: Detailed emergency response procedures and contact information
6. Schedule 6 - Reporting Templates: Standard formats for required reports and communications
7. Schedule 7 - Insurance Requirements: Detailed insurance requirements and minimum coverage levels
8. Appendix A - Property Plans: Floor plans, site plans, and relevant property drawings
9. Appendix B - Inventory: Inventory of furniture, fixtures, and equipment under management
Authors
Relevant legal definitions
Clauses
Relevant Industries
Commercial Real Estate
Residential Real Estate
Retail Property
Industrial Property
Mixed-Use Development
Student Accommodation
Senior Living Facilities
Office Buildings
Shopping Centers
Multi-Unit Residential
Build-to-Rent
Relevant Teams
Legal
Real Estate
Operations
Facility Management
Asset Management
Property Services
Compliance
Finance
Risk Management
Maintenance
Customer Service
Administrative Support
Relevant Roles
Property Manager
Facility Manager
Real Estate Director
Asset Manager
Operations Manager
Building Manager
Property Services Director
Maintenance Supervisor
Real Estate Portfolio Manager
Legal Counsel
Compliance Officer
Finance Manager
Property Owner
Development Manager
Real Estate Investment Manager
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