This document is essential for establishing exclusive property selling arrangements in Ireland. A Sole Selling Rights Agreement is typically used when a property owner wishes to engage a single estate agent to handle the sale of their property, granting them exclusive rights to market and sell the property for a specified period. The agreement must comply with Irish property law, particularly the Property Services (Regulation) Act 2011, and includes crucial details such as commission rates, marketing strategies, duration of exclusivity, and both parties' obligations. It's particularly important in situations where professional property services are required, offering protection for both the agent's commission rights and the owner's interests. The document includes specific provisions for the Irish market, including compliance with local property regulations and consumer protection requirements.
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1. Parties: Identification of the property owner/vendor and the estate agent, including full legal names, addresses, and registration details
2. Background: Context of the agreement, including brief property description and intention to grant sole selling rights
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Sole Selling Rights', 'Commission', 'Marketing Period'
4. Appointment and Duration: Formal appointment of the agent with exclusive selling rights and the specified term of the agreement
5. Agent's Rights: Detailed description of the exclusive rights granted to the agent, including sole right to market and sell the property
6. Agent's Obligations: Comprehensive list of services to be provided, including marketing, viewings, negotiation, and reporting
7. Property Owner's Obligations: Owner's responsibilities, including providing access, information, and maintaining the property
8. Commission Structure: Detailed breakdown of commission rates, payment terms, and circumstances when commission becomes payable
9. Marketing Strategy: Agreed approach to marketing the property, including advertising methods and platforms
10. Termination: Conditions and process for ending the agreement, including notice periods and consequences
11. Governing Law: Confirmation that the agreement is governed by Irish law
1. Property Maintenance: Additional terms regarding property maintenance during the selling period, used when the property is vacant or requires specific upkeep
2. International Marketing: Special provisions for marketing the property internationally, relevant for high-value or unique properties
3. Multiple Units: Additional terms for when the agreement covers multiple properties or units
4. Special Conditions: Any unique terms specific to the property or circumstances of sale
5. Data Protection: Extended GDPR compliance terms, particularly relevant when extensive personal data processing is involved
6. Virtual Viewings: Specific terms regarding virtual property viewings and online marketing, particularly relevant in certain circumstances
1. Schedule 1 - Property Details: Comprehensive description of the property, including address, boundaries, BER rating, and included fixtures and fittings
2. Schedule 2 - Commission Calculation: Detailed breakdown of commission structure, including examples and special circumstances
3. Schedule 3 - Marketing Plan: Detailed marketing strategy and timeline
4. Schedule 4 - Property Documentation: List of all property-related documents provided by the owner
5. Appendix A - Agent's Professional Indemnity Insurance: Details of the agent's insurance coverage
6. Appendix B - Property Photographs: Initial photographs and property presentation documentation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Property Development
Property Management
Professional Services
Legal Services
Construction
Residential Property
Commercial Property
Relevant Teams
Legal
Real Estate
Sales
Business Development
Compliance
Operations
Property Management
Contract Administration
Marketing
Relevant Roles
Estate Agent
Property Agent
Real Estate Broker
Property Services Manager
Sales Director
Property Developer
Legal Counsel
Contracts Manager
Property Manager
Commercial Director
Business Development Manager
Property Services Compliance Officer
Real Estate Operations Manager
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