Date Prepared: ("Owner"), and. ("Broker"), agree as follows: 1.How to Write a Property Management Agreement? Manager shall execute all rental agreements as agent for the Owner. A California property management agreement authorizes a representative to manage real estate on behalf of a property owner. Efficiently delegate property management tasks with our property management agreement template. Articulate a property manager's responsibilities clearly. What is a property management contract? Property management agreements are important because they set out clear rules for both the property owner and the manager. The owner agrees to compensate the agent with a percentage of rent and fees collected as well as a monthly management fee.