Essentially, anything you don`t want to deal with for your property are things you need to add to a home management contract. Otherwise, those responsibilities fall on your shoulders, not those of a manager, says PropertyManagementBlog. According to some experts when it comes to the layout of property management contracts, there is a number of basic pieces of information that property owners and management companies usually want to include in an agreement. Whether you`re a landlord or a tenant, there`s a good chance you`ve met a manager. It is possible to conclude an oral agreement for this type of partnership. Oral agreements may be enforceable by law, but it can be difficult to prove without written registration what the agreement was. You should look for a contract that does not require a reason to terminate the agreement.