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Letting Management Agreement
"I need a Letting Management Agreement for my three-bedroom apartment in Dublin, with the management company providing full service including tenant screening, rent collection, and maintenance management, starting from March 2025."
1. Parties: Identification of the Property Owner/Landlord and the Letting Management Company
2. Background: Context of the agreement and brief description of the property management arrangement
3. Definitions: Key terms used throughout the agreement including Property, Services, Fees, etc.
4. Appointment and Term: Formal appointment of the management company and duration of the agreement
5. Scope of Services: Detailed description of core property management services to be provided
6. Management Company's Obligations: Key responsibilities and duties of the management company
7. Property Owner's Obligations: Responsibilities and duties of the property owner
8. Fees and Payment Terms: Management fees, additional charges, and payment schedules
9. Property Maintenance and Repairs: Procedures for handling maintenance, repairs, and spending authority limits
10. Financial Reporting: Requirements for financial reporting, accounting, and record-keeping
11. Insurance and Liability: Insurance requirements and liability limitations
12. Termination: Conditions and procedures for terminating the agreement
13. Data Protection: GDPR compliance and data handling procedures
14. Notices: Methods and addresses for formal communications
15. Governing Law: Confirmation of Irish law as governing law and jurisdiction
1. Multiple Properties: Additional terms for managing multiple properties - include when the owner has more than one property under management
2. Specialized Services: Terms for additional services like renovation project management - include when offering services beyond standard letting management
3. Property Staff Management: Terms for managing on-site staff - include for larger properties with dedicated staff
4. Multi-Unit Development Terms: Special terms for properties in multi-unit developments - include for apartments or managed communities
5. Short-Term Letting Provisions: Specific terms for short-term rental management - include if property will be used for short-term lets
6. Guaranteed Rent Scheme: Terms for guaranteed rental income - include if offering rent guarantee service
7. Marketing and Advertising: Detailed marketing strategy and costs - include if specific marketing services are required
1. Schedule 1 - Property Details: Detailed description of the property/properties under management
2. Schedule 2 - Services Specification: Detailed breakdown of all management services included
3. Schedule 3 - Fee Schedule: Comprehensive list of all fees and charges
4. Schedule 4 - Maintenance Contractors: List of approved contractors and maintenance procedures
5. Schedule 5 - Reporting Templates: Standard templates for financial and property management reports
6. Schedule 6 - Key Performance Indicators: Metrics for measuring management company performance
7. Appendix A - Required Documentation: List of required property certificates and documentation
8. Appendix B - Emergency Procedures: Emergency contact details and procedures
Authors
Property
Services
Management Fee
Commencement Date
Term
Property Owner
Management Company
Tenant
Rent
Deposit
Common Areas
Emergency
Force Majeure
Initial Term
Lease
Letting
Management Period
Operating Account
Property Manager
Renewal Term
RTB
Security Deposit
Service Charge
Tenancy Agreement
Working Day
Writing
Confidential Information
Data Protection Legislation
Designated Account
Due Date
Gross Rent
Insurance
Intellectual Property Rights
Maintenance
Net Rent
Payment Date
Permitted Use
Professional Advisers
Property Records
Quarter
Regulatory Requirements
Renewal
Repair
Reports
Revenue
Schedule of Condition
Service Level Standards
Termination Date
Utilities
VAT
Duration
Services
Authority Levels
Fees and Charges
Payment Terms
Property Management
Maintenance and Repairs
Financial Management
Reporting
Insurance
Compliance
Data Protection
Confidentiality
Liability and Indemnity
Force Majeure
Termination
Assignment
Notices
Dispute Resolution
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Agency
Health and Safety
Anti-Money Laundering
Record Keeping
Property Access
Emergency Procedures
Sub-Contracting
Intellectual Property
Non-Solicitation
Governing Law
Real Estate
Property Management
Residential Services
Professional Services
Property Investment
Asset Management
Facilities Management
Property Development
Legal
Property Management
Operations
Compliance
Real Estate
Asset Management
Facilities Management
Client Services
Contract Administration
Risk Management
Property Manager
Estate Manager
Letting Agent
Property Services Director
Operations Manager
Facilities Manager
Asset Manager
Legal Counsel
Compliance Officer
Property Portfolio Manager
Real Estate Manager
Residential Services Manager
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