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Property Management Lease Agreement Template for Ireland

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Key Requirements PROMPT example:

Property Management Lease Agreement

"Need a Property Management Lease Agreement for a newly built 50-unit residential apartment complex in Dublin, with specific provisions for gym and pool maintenance, starting from March 2025, ensuring compliance with Multi-Unit Developments Act."

Document background
The Property Management Lease Agreement is a crucial document used in the Irish property sector when property owners wish to delegate the management and maintenance of their property to a professional management company. This agreement type is particularly relevant for multi-unit developments, commercial properties, and residential complexes in Ireland where comprehensive property management services are required. The document addresses key aspects regulated by Irish legislation, including the Multi-Unit Developments Act 2011 and the Property Services (Regulation) Act 2011, establishing clear parameters for service delivery, financial management, maintenance responsibilities, and regulatory compliance. It provides essential protection for both property owners and management companies by clearly defining roles, responsibilities, and service standards while ensuring compliance with Irish property law and regulations.
Suggested Sections

1. Parties: Identification of the property owner(s) and the property management company, including full legal names, addresses, and company registration details

2. Background: Context of the agreement, including property details and purpose of the management arrangement

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

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

5. Property Manager's Duties and Responsibilities: Comprehensive list of services to be provided, including maintenance, repairs, financial management, and tenant relations

6. Owner's Obligations: Property owner's responsibilities, including financial obligations and cooperation requirements

7. Fees and Payment Terms: Management fees, payment schedule, additional charges, and payment methods

8. Insurance and Liability: Insurance requirements, indemnification provisions, and limitation of liability

9. Maintenance and Repairs: Procedures for routine maintenance and emergency repairs, including approval thresholds

10. Financial Management: Handling of property income and expenses, reporting requirements, and account management

11. Compliance and Regulations: Obligations to comply with relevant laws, regulations, and health and safety requirements

12. Termination: Grounds for termination, notice periods, and post-termination obligations

13. Dispute Resolution: Procedures for handling disputes between parties

14. General Provisions: Standard legal provisions including notices, amendments, governing law, and entire agreement clause

Optional Sections

1. Multi-Unit Development Provisions: Additional provisions specific to apartment complexes or multi-unit developments

2. Special Facilities Management: Provisions for managing specific facilities like gyms, pools, or communal areas

3. Staff Employment: Terms regarding on-site staff employment and management

4. Environmental Management: Specific provisions for environmental compliance and green initiatives

5. Technology and Systems: Requirements for property management software, access control systems, or other technology

6. Marketing and Letting Services: Additional services for marketing and managing tenant acquisition

7. Development and Refurbishment: Provisions for managing property improvements or major works

8. Emergency Response Procedures: Detailed procedures for handling various types of emergencies

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property, including address, boundaries, and included facilities

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

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

4. Schedule 4 - Key Performance Indicators: Performance metrics and service level agreements

5. Schedule 5 - Maintenance Schedule: Planned maintenance program and frequency of regular maintenance tasks

6. Schedule 6 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements

7. Schedule 7 - Reporting Templates: Standard formats for financial and operational reports

8. Appendix A - Property Plans: Floor plans, site plans, and relevant property drawings

9. Appendix B - Inventory: Inventory of any equipment, furniture, or assets included in the management scope

10. Appendix C - Contact Information: Emergency contacts, key stakeholders, and service providers

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















































Clauses








































Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Multi-unit Developments

Facility Management

Property Services

Property Investment

Real Estate Development

Building Management

Relevant Teams

Legal

Property Management

Operations

Facilities Management

Asset Management

Compliance

Finance

Maintenance

Client Services

Real Estate

Risk Management

Administration

Relevant Roles

Property Manager

Facility Manager

Real Estate Manager

Asset Manager

Building Manager

Property Services Director

Operations Manager

Maintenance Manager

Property Administrator

Legal Counsel

Real Estate Attorney

Compliance Officer

Finance Manager

Property Owner

Portfolio Manager

Resident 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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