A New York property management agreement outlines the terms and conditions of an arrangement between a property manager and a property owner. This Contract consists of the instant Agreement together with the General Conditions of the Contract for.The form will specify the agreement length, payment terms, communication requirements, and the services the manager will provide. Laws. Efficiently delegate property management tasks with our property management agreement template. Articulate a property manager's responsibilities clearly. The property management contract should begin with a clear identification of the parties involved. A property management agreement is an essential contract that defines the relationship between property owners and property managers. Looking for a property management agreement template? The Property Manager shall manage, operate and maintain the Project in a commercially reasonable manner for the tenants thereof. 2.1 Status of the Property Manager.