A North Carolina property management agreement is a contract made between an owner of real property and a property manager or management company. A property management agreement is an essential contract that defines the relationship between property owners and property managers.Before you fill out your property management agreement, write your state at the top of the form. Step 1 – Write Effective Date. 1. Owner agrees to notify Agent in writing of any specific dates that Owner may desire to use the. Property or the Property otherwise will be unavailable for rent. The Property Manager shall manage, operate and maintain the Project in a commercially reasonable manner for the tenants thereof. Edit, sign, and share Property Manager Agreement - North Carolina online. Ensure that you have all the necessary tenant and property information readily available.