We've got all the information you need to create a contract that complies with state law and covers all the Essential Elements of property management. A Florida property management agreement is a contract between a real estate owner and a thirdparty manager hired to oversee their property.A commercial property management agreement outlines the unique responsibilities and expectations in managing these types of properties. This document clearly defines property owners' and management companies' roles, responsibilities, and expectations. Before you fill out your property management agreement, write your state at the top of the form. Step 1 – Write Effective Date. 1. Property management agreements, or contracts, serve as a guiding light, delineating responsibilities, expectations, and the scope of services. In this article, we will cover what to look for in your property management agreement, what you'll see in most property management agreements.