Management Agreement And Option To Purchase Form

Use a MANAGEMENT AGREEMENT AND OPTION TO PURCHASE template to make your document workflow more streamlined.

What this management agreement does

A Management Agreement And Option To Purchase Form records an arrangement in which one party manages specified property and receives an option to purchase it under stated conditions. The agreement should identify the parties, property, management responsibilities, compensation, purchase price or pricing method, option exercise period, notice process, and termination terms. In the United States, electronic execution may be recognized under the ESIGN Act and applicable state law, including UETA or New York’s ESRA, but real-estate recording, notarization, and witness rules can vary by state and county.

Who benefits from this agreement

Property managers, real-estate operators, and enterprise transaction teams use this form to document management authority and purchase-option conditions.

A solo property manager can use a reusable agreement template to define management duties, compensation, option terms, and signature responsibilities for each property transaction.
A regional real-estate operator can route agreements to owners and managers in sequence, preserving a separate audit trail for every property and option exercise.
An enterprise property group can connect signNow with Salesforce, NetSuite, or cloud storage while administrators control templates, access, and completed agreement records.

Role-based fields

Place manager, owner, and option-holder fields directly on the agreement, reducing omissions in names, dates, prices, notices, and signature areas before delivery.

Reusable templates

Send the same approved agreement template repeatedly while keeping property-specific terms editable for each management and purchase-option transaction.

Audit trail

Capture invitation, viewing, signing, and completion events so parties can review evidence connected to the executed agreement.

Signer authentication

Use SMS OTP or other available authentication controls when property terms or payment information require stronger signer attribution.

Mobile signing

Complete the agreement from signNow mobile apps when managers or owners work away from the office or property.

Secure storage

Preserve the executed agreement and its completion evidence in a controlled recordkeeping workflow after every signature is collected.

Complete this form in five steps

Prepare the property and option terms first, then use signNow to route the agreement, collect signatures, and preserve evidence.

Upload file:
Upload the completed agreement template to signNow.
Add fields:
Let signNow detect fields or add them manually.
Assign roles:
Assign each field to the correct party.
Send for signing:
Send the agreement and monitor completion.
Store records:
Download the signed PDF and audit trail.

Setting	Recommendation
Authentication method	Email link with SMS OTP
Signature type	Typed or drawn electronic signature
Audit trail	Enabled for every completed agreement
Document retention	Follow transaction and state requirements
Encryption	AES-256 at rest and TLS 1.2/1.3 in transit

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How this agreement works online

signNow turns the prepared Management Agreement And Option To Purchase Form into a role-based signing workflow with a completed record.

Upload document: Upload the agreement and identify its fillable fields.
Assign signers: Assign manager, owner, and option-holder roles.
Send agreement: Send the prepared agreement through signNow.
Complete record: Collect signatures and preserve the completed record.

Authenticate signer:

Records the signer’s email, authentication method, and signing event.

Capture timestamps:

Captures UTC time and action timestamps for each event.

Hash document:

Associates the completed document with its signing record.

Seal completion:

Creates a tamper-evident completion record after all signatures.

Log actions:

Records invitations, views, field changes, signatures, and downloads.

Export evidence:

Retrieve or export the audit trail with the final PDF.

Platform requirements for signing

Complete the Management Agreement And Option To Purchase Form in Chrome, Firefox, Safari, or Edge on Windows or macOS. signNow mobile apps support iOS and Android, while TLS 1.2/1.3 protects data in transit.

Browsers Chrome, Firefox, Safari, Edge
Operating systems Windows, macOS, iOS, Android
Secure access TLS 1.2/1.3 connection required

Use managed Windows, macOS, iOS, or Android devices when agreement access requires organizational controls. Teams can connect signNow through its API, configure SSO on eligible plans, and preserve audit-trail and certificate records with the completed agreement.

Connect agreement workflows to business systems

Connect signNow with Salesforce, NetSuite, Microsoft 365, Google Drive, Box, Egnyte, or Procore to route, organize, and retrieve completed agreement records.

Recordkeeping practices for this agreement

Keep the signed agreement, supporting disclosures, and audit evidence together while applying the retention rule that fits the underlying transaction.

Verify every commercial term before sending

Name the manager, owner, property, option price, exercise period, notice method, maintenance duties, and termination terms before sending. Compare every completed field with the negotiated agreement and obtain legal review for state-specific real-estate provisions.

Export the agreement and audit trail together

Export the completed agreement and signNow audit trail together after all parties sign. Preserve signer identity, timestamps, actions, and the final document in a controlled repository with access limited to authorized transaction personnel.

Assign retention according to record purpose

Apply a documented retention schedule based on the transaction and business record involved. Do not label every agreement as a tax or HIPAA record; state law, contract policy, and the underlying transaction determine the applicable period.

Restrict access to sensitive agreement details

Protect property addresses, payment terms, identification details, and financial information with role-based access. Use signNow encryption and review sharing permissions before sending a completed agreement outside the transaction team.

Security for signed agreements

Transport encryption:

TLS 1.2/1.3 in transit

Storage encryption:

AES-256 at rest

Security certification:

SOC 2 Type II certified

Information security:

ISO 27001 certified

Protected health data:

HIPAA with BAA

Electronic signatures:

ESIGN and UETA compliant

Legal standing of electronic execution

For a U.S. business transaction, an electronic agreement can be admissible when the parties show intent, consent, attribution, and reliable record retention under the ESIGN Act and applicable state law. Wills, certain court orders, family-law decrees, and other statutory exclusions are outside that framework; property recording and notarization rules still require state-specific review.

Why teams look for DocuSign alternatives

Features	signNow	DocuSign	Adobe Sign	PandaDoc
Starting price	$8/user/month annually	Not verified	Not verified	Not verified
Free trial	7 days, no card	Not verified	Not verified	Not verified
Bulk send	Business Premium	Not verified	Not verified	Not verified
Audit trail	Business included	Not verified	Not verified	Not verified
HIPAA compliance	Available with BAA	Not verified	Not verified	Not verified

Troubleshoot this agreement workflow

Resolve field, authentication, consent, plan, and state-law questions before sending this management and purchase-option agreement.

Upload the Management Agreement And Option To Purchase Form to signNow, then use auto-detection or place fields for each manager, owner, and option holder.

Business includes templates and audit trails. Business Premium adds bulk send, while Enterprise adds conditional fields and advanced signer authentication for larger agreement workflows.

Use signNow’s audit trail to document signer identity, timestamps, actions, and completion history. ESIGN and UETA recognize electronic signatures when intent, consent, attribution, and record retention are established.

For consumer-facing electronic records, provide the ESIGN Act disclosure, confirm electronic access, and explain how consent can be withdrawn. Store the completed agreement and its audit trail together.

Business costs $8 per user per month with annual billing and includes templates and audit trails. Paid plans include unlimited users, but subscription plans include 100 signature invites per user annually.

If the agreement also transfers or records an interest in real property, state law may require acknowledgment, witnesses, recording, or notarization. Confirm county and state requirements before relying on electronic execution.

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