Owner employs and appoints Broker as Owner's sole and exclusive agent to lease, operate and manage the Property located at: Property Address:. A property management firm shall write property management agreements in clear, unambiguous language, and the property management agreements.How to Write a Property Management Agreement? The contract will describe the types of responsibilities, the owner's obligations, the length of the agreement, and the termination options. A broker's license is required for any person or company who, for compensation, engages in the lease or rental of real estate in Arizona. A property management agreement is an essential contract that defines the relationship between property owners and property managers. Instructions for a property manager and property owner. The broker shall execute in writing and shall file any delegation of authority in the broker's employee file. An Arizona property management agreement is a contract between a landlord and a manager hired to maintain and run the real estate. Fill out our management agreement forms online via electronic signature.