Before you fill out your property management agreement, write your state at the top of the form. Step 1 – Write Effective Date. 1.Here are some key components that are typically included in a Massachusetts LLC operating agreement: Name and Purpose. LLC Management - Member or Manager. A property management agreement is an essential contract that defines the relationship between property owners and property managers. Download a free Massachusetts LLC Operating Agreement (PDF, Word, Google Doc). List LLC Members, profit and tax info, and more. A Massachusetts Operating Agreement creates the policies and procedures for your LLC. Our free, attorney-drafted templates can get you started. INSTRUCTIONS. The following Instructions, Contractor Certifications and the applicable Commonwealth Terms and Conditions are incorporated.