Go to Section 1363.05.



1363.1.  (a) A prospective managing agent of a common interest
development shall provide a written statement to the board of
directors of the association of a common interest development as soon
as practicable, but in no event more than 90 days, before entering
into a management agreement which shall contain all of the following
information concerning the managing agent:
   (1) The names and business addresses of the owners or general
partners of the managing agent.  If the managing agent is a
corporation, the written statement shall include the names and
business addresses of the directors and officers and shareholders
holding greater than 10 percent of the shares of the corporation.
   (2) Whether or not any relevant licenses such as architectural
design, construction, engineering, real estate, or accounting have
been issued by this state and are currently held by the persons
specified in paragraph (1).  If a license is currently held by any of
those persons, the statement shall contain the following
information:
   (A) What license is held.
   (B) The dates the license is valid.
   (C) The name of the licensee appearing on that license.
   (3) Whether or not any relevant professional certifications or
designations such as architectural design, construction, engineering,
real property management, or accounting are currently held by any of
the persons specified in paragraph (1), including, but not limited
to, a professional common interest development manager.  If any
certification or designation is held, the statement shall include the
following information:
   (A) What the certification or designation is and what entity
issued it.
   (B) The dates the certification or designation is valid.
   (C) The names in which the certification or designation is held.
   (b) As used in this section, a "managing agent" is a person or
entity who, for compensation or in expectation of compensation,
exercises control over the assets of a common interest development.
A "managing agent" does not include either of the following:
   (1) A full-time employee of the association.
   (2) Any regulated financial institution operating within the
normal course of its regulated business practice.



Go to Section 1363.2.

Return to Table of Contents.