A property management agreement is an essential contract that defines the relationship between property owners and property managers. How to Write a Property Management Agreement?Before you fill out your property management agreement, write your state at the top of the form. A North Carolina property management agreement is a contract made between an owner of real property and a property manager or management company. A North Carolina Operating Agreement creates the policies and procedures for your LLC. Our free, attorney-drafted templates can get you started. Use our free North Carolina LLC Operating Agreement Template (Word, PDF, Google Doc) to write a customized Operating Agreement for your LLC. Key components of property management (leasing and renting) are considered real estate activities under existing North Carolina real estate licensing laws. Internet advertising as set forth above, Owner MUST complete an opt-out form in accordance with listing service rules. In such cases, please select the contract title link to view the complete synopsis.