(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.
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