What is a Property Management Agent
Q&A
A property management agent is hired by an owners’ management company to provide services to manage an estate including, bin collections, repairs and maintenance. In general, people living in a multi-unit development have more contact with the property management agent than with their owners' management company, as the agent looks after the day-to-day running of the estate and the common areas.
The roles of the owners’ management company and the property management agent are separate, and the details of the relationship between them are set-out in a contract or letter of engagement.
The agent follows the instructions of the board of directors of the owners’ management company and is accountable to them for the standard of services provided. An agent can be involved in the management of a number of different estates and can work for a number of different owners’ management companies. Agents are regulated by the Property Services Regulatory Authority. They must hold a license and follow the rules and Code of Practice which outline how they should behave when delivering their services.
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This summary is for information purposes only and arises from question and answer discussion. It is not legal or financial advice nor should it be used as such. Please consult your legal and / or financial advisor for any such advise.