The contract will describe the types of responsibilities, the owner's obligations, the length of the agreement, and the termination options. An Arizona property management agreement is a contract between a landlord and a manager hired to maintain and run the real estate.How to Write a Property Management Agreement? A property management firm shall write property management agreements in clear, unambiguous language, and the property management agreements. Instructions for a property manager and property owner. A property management agreement is an essential contract that defines the relationship between property owners and property managers. Lay out your property manager's responsibilities. Out-of-state, designate a statutory agent who lives in Arizona to accept legal service on behalf of Owner. Owner agrees to purchase. 107. Owner during the Term of this Agreement, the Agent: (check one).