Rent To Rent Management Agreement Template for Ireland

A comprehensive legal agreement governed by Irish law that establishes the relationship between a property owner and a rent-to-rent manager. The agreement grants the manager the right to rent and manage the property in exchange for a guaranteed rental income to the owner. It details the responsibilities of both parties, including property maintenance, tenant management, compliance with residential tenancy laws, financial arrangements, and risk allocation. The document incorporates specific provisions required under Irish property law and housing regulations, while addressing commercial aspects of the management arrangement.

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What is a Rent To Rent Management Agreement?

The Rent To Rent Management Agreement is a specialized contract used in the Irish property market when a property owner wishes to delegate complete management responsibility while securing a guaranteed rental income. This arrangement is particularly valuable for owners seeking passive property investment and professional managers looking to build their portfolio. The document comprehensively covers the commercial relationship between the parties, including management rights, guaranteed rent provisions, maintenance responsibilities, and compliance requirements under Irish law. It's commonly used for residential properties, student accommodation, and corporate housing, requiring careful consideration of the Residential Tenancies Act 2004 and related regulations. The agreement provides security for both parties by clearly defining their rights and obligations while ensuring compliance with Irish property and housing laws.

What sections should be included in a Rent To Rent Management Agreement?

1. Parties: Identification of the property owner (landlord) and the rent-to-rent manager, including full legal names, addresses, and company details if applicable

2. Background: Context of the agreement, including property owner's ownership of the property and desire to appoint a rent-to-rent manager

3. Definitions: Defined terms used throughout the agreement, including Property, Management Services, Guaranteed Rent, Term, etc.

4. Appointment and Term: Formal appointment of the manager, duration of the agreement, and any renewal provisions

5. Manager's Rights: Rights granted to the manager, including authority to sublet, collect rent, and manage the property

6. Guaranteed Rent: Details of the guaranteed rent amount, payment schedule, and any review mechanisms

7. Property Owner's Obligations: Owner's responsibilities including maintenance, insurance, compliance with regulations, and mortgage obligations

8. Manager's Obligations: Manager's duties including property management, tenant finding, maintenance coordination, and regulatory compliance

9. Property Management: Specific provisions regarding day-to-day management, maintenance procedures, and emergency responses

10. Financial Arrangements: Details of all financial aspects including fees, payment terms, security deposits, and accounting requirements

11. Insurance and Liability: Insurance requirements, indemnities, and allocation of risks between parties

12. Compliance: Obligations regarding legal compliance, licenses, certificates, and regulatory requirements

13. Default and Remedies: Consequences of breach, cure periods, and available remedies

14. Termination: Grounds for termination, notice requirements, and post-termination obligations

15. General Provisions: Standard legal provisions including notices, assignment, entire agreement, governing law, etc.

What sections are optional to include in a Rent To Rent Management Agreement?

1. Utilities and Services: Optional section detailing responsibility for utility accounts and services when this isn't covered under general obligations

2. Refurbishment Rights: Optional section when the manager is granted rights to make improvements or modifications to the property

3. Key Performance Indicators: Optional section establishing performance metrics for the manager when required by the property owner

4. Property Staff: Optional section regarding on-site staff management when applicable to larger properties

5. Marketing Rights: Optional section detailing specific marketing permissions and restrictions when these require special attention

6. Void Periods: Optional section with specific provisions for handling vacant periods when this requires special treatment

What schedules should be included in a Rent To Rent Management Agreement?

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

2. Schedule 2 - Services Specification: Detailed list of management services to be provided by the manager

3. Schedule 3 - Guaranteed Rent and Fee Structure: Detailed breakdown of all financial terms including guaranteed rent amounts, management fees, and payment schedules

4. Schedule 4 - Condition Report: Initial condition report of the property with photographs

5. Schedule 5 - Maintenance Procedures: Detailed procedures for routine and emergency maintenance

6. Schedule 6 - Required Certificates and Licenses: List of required certificates and licenses with renewal dates

7. Appendix A - Property Owner's Insurance Certificates: Copies of relevant insurance certificates

8. Appendix B - Manager's Insurance Certificates: Copies of manager's insurance policies and certificates

9. Appendix C - Property Floor Plans: Detailed floor plans of the property

Authors

Alex Denne

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

Jurisdiction

Ireland

Publisher

Genie AI

Cost

Free to use

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