This section of the checklist is included to assist sponsors in clarifying and implementing policies and requirements for the management agreement contract. How to Write a Property Management Agreement?A California property management agreement is created between a property manager and the owner of one or multiple properties in the state. A California property management agreement authorizes a representative to manage real estate on behalf of a property owner. A property management agreement is an essential contract that defines the relationship between property owners and property managers. Our personal management agreement template helps you outline duties, commissions, and expectations when hiring a personal manager. FEE (Written in Dollar) per month. The agreement protects the parties' rights during the contract term. Management and operation of the California Center for the Arts, Escondido. A Membermanaged LLC is where all the Members (LLC owners) have the ability to legally bind the LLC in contracts and agreements.