A North Dakota property management agreement creates a working relationship in which a property owner pays a manager to look after their real estate. The agreement’s terms will vary depending on the type of property and what the owner requires. In all cases, it will say how much the manager will be paid, what services they’ll provide, how they’ll communicate with the owner, and when the agreement will start and end. If the contract involves rental property, it might outline rules for handling lease applications, security deposits, and rent payments.