Manager shall perform its duties in a diligent, careful, and professional manner to maximize all revenues to Owner and to minimize expenses. An Illinois property management agreement allows the owner(s) of real estate to grant another individual permission to manage their property.A real estate management agreement is a legal contract that creates the relationship between the owner of the property and the manager of the property. The Ordinance requires landlords to keep tenant security deposits in a separate ILLINOIS bank account and provide the tenant with the bank name and branch. After logging in, select from the Menu, Personal Services, Manage Credit Card Information. How to Write a Property Management Agreement? Some developments may also require the submission of a Management Agreement. These forms are also available in the DotLoop and DocuSign form libraries. This agreement outlines the terms and conditions of the property management services and formalizes the partnership between you and our management team. Use this Property Management Agreement to delegate an Agent the right to lease and manage your real estate property.