It must indicate when and why the director or management company has the power to terminate the contract or whether, as the owner, you have the same power to terminate it. Here are some details to include in such a clause: as a property owner, you can delegate responsibility for the management of the property either to a house manager or to a company. Be sure to read the property management contract carefully and renegotiate any points in the contract that you are not comfortable with. If you have reached an agreement, you can sign the contract. Once you have chosen a REALTOR® to market and sell your property, you and the broker enter into a written and legally binding contract called a listing contract….