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A New York property management agreement is established between a property manager and a property owner, outlining the manager's responsibilities, which can vary based on client needs. Property managers oversee and maintain properties, with some owners opting for full management while others retain certain controls, such as paying utility bills. Key responsibilities typically include collecting rent and security deposits, filling vacancies, negotiating leases, enforcing lease terms, coordinating maintenance and repairs, managing lawn care and snow removal, providing profit and loss reports, handling utility payments, and managing evictions, along with other specific duties as needed.