Manager agrees to collect all rents as they become due; to render to. A New York property management agreement outlines the terms and conditions of an arrangement between a property manager and a property owner.Your own building may have different procedures in place. Along with the complete list of services described below, you can also view the REOD Property Management Contract (PDF) or a Sample Monthly Report (PDF). The management agreement is the employment contract for a property manager. , no heat or leaking pipe causing damage). The Property Manager shall manage, operate and maintain the Project in a commercially reasonable manner for the tenants thereof. Thus the complete question is:Property manager Wayne understands that he may only pay for certain items from funds deposited in a trust account. This gives you complete freedom and control over the agreement and your rental properties. A landlord may ask you to fill out a rental application.