A form of property management agreement for the management of commercial property, such as a multitenant office, retail, multifamily, industrial, or mixed-use property, by an affiliate of the owner. This property management agreement includes property management duties and responsibilities, including lease management, tenant relations, property compliance, repair and construction oversight, employee management, budget preparation, and reporting requirements. While management agreements are generally governed by state law, this jurisdictionally-neutral template is useful and relevant in every state.