[§514B-134]  Management and contracts; developer, managing
agent, and association.  (a)  Any developer or affiliate of the developer
or a managing agent, who manages the operation of the property from the date of
recordation of the first unit conveyance until the organization of the
association, shall comply with the requirements of sections 514B‑72, 514B‑103,
and 514B‑149.



(b)  The developer or affiliate of the
developer, board, and managing agent shall ensure that there is a written
contract for managing the operation of the property, expressing the agreements
of all parties including, but not limited to, financial and accounting
obligations, services provided, and any compensation arrangements, including
any subsequent amendments.  Copies of the executed contract and any amendments
shall be provided to all parties to the contract.  Prior to the organization of
the association, any unit owner may request to inspect as well as receive a
copy of the management contract from the entity that manages the operation of
the property. [L 2004, c 164, pt of §2]