How to Write a Property Management Agreement? A Utah property management agreement is created between a property manager and the owner of one or multiple properties in the state.A Utah property management agreement defines the terms and conditions for a property manager to oversee residential property on behalf of its owner. This Property Management Agreement ("Agreement") is made and effective this day of. Property management is expressly considered a real estate activity under existing Utah real estate licensing laws, and requires a broker's license. A management agreement typically includes details about responsibilities, fees, duration, and termination conditions. 2.1 Status of the Property Manager. The Property Owner and the Property Manager do not intend to form a joint venture, partnership or similar relationship. This report includes rent estimates, rental comps, and local metrics. Real Property Management Southern Utah is the trusted leader for professional property management in St George, Utah, and the surrounding areas.