Owner Initials ______ ______ Agent Initials. This document is an exclusive property management agreement between an owner and agent to lease and manage a rental property.Use our free North Carolina LLC Operating Agreement Template (Word, PDF, Google Doc) to write a customized Operating Agreement for your LLC. A property management agreement is an essential contract that defines the relationship between property owners and property managers. A North Carolina LLC Operating Agreement sets the guidelines for a company's management. This is an example management services agreement that the Dental Board has reviewed and deemed compliant with the Dental Laws, as defined herein.