Dive into our comprehensive guide on how to create a strong property management agreement. Discover essential clauses and tips.The broker agrees to manage the renting and maintenance of the owner's real estate in exchange for a commission or for a flat rate. Clearly outline the services the property management company will provide, such as tenant screening, lease agreement management, property maintenance, and more. A Pennsylvania property management agreement is created between a property manager and the owner of one or multiple properties in the state. A property management agreement is a contract between a property owner and the management firm. Residential Property Management Agreement (Form PMA) creates a business relationship between brokers and landlords. Downloads Membership required for access. Security deposits, rental license, rental registrations documents, permits, and a list of current service providers, as applicable. 2. At the end of the tenants lease, the owner is responsible for the interest due on the security deposit in accordance with Pennsylvania Real Property Code.