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- Although managers that have been in the industry for a long time have years of experience creating property management contracts it might seem a little bit intimidating if youre new to Real Estate management. (chime) Welcome back Loopers. Its Andrew Chung with Doorloop. Today well be discussing the Florida Property Management Agreement, which can seem intimidating if youre new to real estate management. But dont worry, weve got all the information you need to create a contract that complies with state law and covers all the essential elements of property management in Florida. (light ambient music) Firstly, its important to understand what a property management agreement is. Its a legal contract that formalizes the relationship between a property owner and a property management company or professional. The contract outlines the managers duties and the duration of their authority over the real estate usually for at least one year. Why is having a property management agreement