The Property Manager shall manage, operate and maintain the Project in a commercially reasonable manner for the tenants thereof. Instructions for a property manager and property owner.A Property Management Agreement is a contract between the owner of a piece of property and a company or person hired as the manager of that same property. An Orlando property manager will have an indepth property management agreement which will cover management fees and responsibilities. A commercial property management agreement outlines the unique responsibilities and expectations in managing these types of properties. Use this free property management agreement template to get started. Commercial teams can then generate property management agreements in seconds from these templates. In a consulting agreement, property managers provide advice and guidance to property owners, but they don't take an active role in management. What is a property management contract? This property management agreement is intended for real estate owners to execute with those managing their property for rental purposes.