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Management Agreement (Real Estate)

Management Agreement (Real Estate) Template for Ireland

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Key Requirements PROMPT example:

Management Agreement (Real Estate)

"I need a Real Estate Management Agreement under Irish law for a multi-tenant office building in Dublin, where the management company will handle all tenant relations, maintenance, and financial management, with service commencement from January 1, 2025."

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Document background
The Management Agreement (Real Estate) is a crucial document used in the Irish property sector when property owners wish to delegate the day-to-day management of their real estate assets to professional management companies. This agreement is particularly important in Ireland's dynamic real estate market, where professional property management is increasingly essential for both commercial and residential properties. The document comprehensively outlines the scope of management services, including maintenance, financial management, tenant relations, and regulatory compliance. It must comply with Irish legislation, particularly the Property Services (Regulation) Act 2011 and the Multi-Unit Developments Act 2011 where applicable. The agreement is designed to protect both parties' interests while ensuring efficient property management and maintaining compliance with Irish property law and regulations.
Suggested Sections

1. Parties: Identifies the property owner/client and the management company, including full legal names and addresses

2. Background: Describes the context of the agreement, property details, and purpose of the management arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Term: Specifies the appointment of the manager, duration of the agreement, and any renewal terms

5. Scope of Services: Details the core property management services to be provided

6. Manager's Authority: Outlines the extent and limitations of the manager's decision-making authority

7. Owner's Obligations: Lists the responsibilities and obligations of the property owner

8. Fees and Expenses: Details the management fees, payment terms, and reimbursable expenses

9. Financial Management: Covers budgeting, accounting, and financial reporting requirements

10. Compliance and Insurance: Addresses regulatory compliance obligations and insurance requirements

11. Reporting and Records: Specifies reporting requirements and record-keeping obligations

12. Liability and Indemnification: Sets out liability limitations and indemnification provisions

13. Termination: Details circumstances and procedures for terminating the agreement

14. Dispute Resolution: Outlines the process for resolving disputes between parties

15. General Provisions: Includes standard boilerplate clauses such as notices, assignment, and governing law

Optional Sections

1. Residential Management: Additional provisions specific to residential property management, required when the property includes residential units

2. Staff Management: Provisions regarding employment and management of on-site staff, included when the manager will handle staffing

3. Environmental Compliance: Specific environmental management obligations, included for properties with significant environmental considerations

4. Development and Construction: Provisions for managing property improvements or development, included when construction or major renovations are anticipated

5. Marketing and Leasing: Detailed provisions for property marketing and lease management, included when the manager is responsible for tenant acquisition

6. Energy Management: Provisions for energy efficiency and sustainability initiatives, included for properties with specific environmental goals

7. Car Park Management: Specific provisions for managing car parking facilities, included when the property includes significant parking facilities

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the managed property, including address, facilities, and relevant certificates

2. Schedule 2 - Services Specification: Detailed breakdown of all management services to be provided

3. Schedule 3 - Fee Schedule: Detailed breakdown of all fees, charges, and payment terms

4. Schedule 4 - Key Performance Indicators: Performance metrics and standards for evaluating the manager's services

5. Schedule 5 - Reporting Requirements: Templates and specifications for required reports

6. Schedule 6 - Emergency Procedures: Procedures for handling various emergency situations

7. Schedule 7 - Insurance Requirements: Detailed insurance requirements and minimum coverage levels

8. Appendix A - Property Plans: Site plans, floor plans, and other relevant property drawings

9. Appendix B - Existing Contracts: List of existing service contracts and maintenance agreements

10. Appendix C - Initial Budget: Initial operating budget and financial projections

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions












































Clauses







































Relevant Industries

Real Estate

Property Management

Commercial Property

Residential Property

Property Development

Facility Management

Asset Management

Property Investment

Real Estate Investment

Property Services

Relevant Teams

Legal

Real Estate

Operations

Facilities Management

Asset Management

Property Services

Compliance

Finance

Administration

Investment

Property Management

Relevant Roles

Property Manager

Asset Manager

Facilities Manager

Real Estate Director

Operations Manager

Property Services Director

Legal Counsel

Compliance Officer

Finance Manager

Portfolio Manager

Property Administrator

Building Manager

Real Estate Investment Manager

Property Services Coordinator

Leasing Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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