If you are obtaining the forms for possible use in a real estate transaction, you should contact a real estate license holder or an attorney for assistance. A real estate management agreement is a legal contract that creates the relationship between the owner of the property and the manager of the property.This report includes rent estimates, rental comps, and local metrics. Use this Property Management Agreement to delegate an Agent the right to lease and manage your real estate property. Download this agreement today. I signed a Property Management Agreement and do not understand some of the terms. Can you explain them to me? Every Real Property Management home owner client who signs a management agreement with us receives an online account.