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This Rental Agency Agreement is a crucial document used to establish and regulate the professional relationship between property owners and rental agencies in Ireland. It is specifically designed to comply with Irish property law, including the Property Services (Regulation) Act 2011 and related legislation. The agreement is essential when a property owner wishes to delegate the management and letting of their property to a professional agency. It covers comprehensive aspects of property management, including marketing, tenant screening, rent collection, maintenance coordination, and financial reporting. The document ensures compliance with Irish regulatory requirements, defines the scope of the agency's authority, and protects both parties' interests through clear delineation of rights, responsibilities, and liability provisions. This agreement is particularly important given the regulated nature of property services in Ireland and the need for clear documentation of property management arrangements.

1. Parties: Identification of the Property Owner and the Rental Agency, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including brief description of the property and the owner's intention to appoint the agency

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Term: Formal appointment of the agency, duration of the agreement, and renewal terms

5. Services and Obligations: Detailed description of services to be provided by the agency, including property marketing, tenant screening, rent collection, and property management

6. Agency's Authority: Scope of agency's decision-making power and circumstances requiring owner's approval

7. Fees and Commissions: Detailed breakdown of all fees, commissions, and payment terms

8. Property Owner's Obligations: Owner's responsibilities, including maintaining the property, insurance requirements, and compliance with regulations

9. Compliance and Regulations: Obligations regarding legal compliance, including PSRA regulations, anti-money laundering, and data protection

10. Liability and Indemnification: Allocation of risks and responsibilities between parties

11. Termination: Conditions and procedures for terminating the agreement

12. General Provisions: Standard clauses including notices, entire agreement, governing law, and dispute resolution