TABLE OF CONTENTS

A Licensee’s Guide To
Residential Property Management
Volume VII
I.  Introduction................................................. 1
II. Basic Property Management Agency Concepts.................... 3
      A.  Property Management Defined............................ 3
      B.  Licensing Requirements................................. 3
      C.  Exemption to licensing requirement..................... 4
      D.  Management Agreement................................... 5
      E.  Hiring a Property Manager.............................. 5
      F.  Agency Relationships................................... 5
        Common Law
        Fiduciary Duties
        Creation of Agency relationship
        California Agency legislation (Civil Code §2079.13 et. seq.)
III.  Property Management Agreement.............................. 7
      A.  Written Agreement clause by clause
      B.  Signature Section
IV. Lease Listing Agreement..................................... 21
      A.  Written Agreement clause by clause
      B.  Signature Section
V.  Application to Rent/Receipt for Deposit..................... 31
VI. Residential Lease or Month to Month Rental Agreement........ 35
      A.  Leasehold Estates
      B.  Types of Leases
      C.  Elements of a Lease
      D.  Written Agreement clause by clause
VII.  Fair Housing.............................................. 61
      A.  Federal and California Fair Housing Laws
      B.  Penalties for violations
      C.  NAR Actions
      D.  Department of Real Estate Regulations
      E.  Fair Housing and the Property Manager
VIII. Trust Fund Handling....................................... 69
      A.  Disposing of Funds
      B.  Trust Fund records
      C.  Accounting Procedures
      D.  Sanctions for Trust Fund Violations
      E.  Summary
IX. Ethics for Property Managers................................ 77
      A.  Definition
      B.  NAR Code of Ethics and parallel laws
      C.  NARPM Code of Ethics
X.  Evictions................................................... 91
      A.  Tenant Responsibilities
      B.  Landlord Remedies
XI. Short Term Rentals.......................................... 95
XII.  Supplements............................................... 97
I.. Disclosure Chart....................................... 99
II. Landlord’s 10 Biggest Mistakes........................ 103
III.......................................... Acknowledgements 105
IV. CAR Forms............................................. 107
... Notice of Change in Terms of Tenancy (CTT)............ 109
... 48-Hour Notice of Inspection Prior to Termination of Tenancy (FEHN)................................................ 110
... Keysafe/Lockbox Addendum (KLA)........................ 111
... Lease/Rental Commission Agreement (LCA)............... 112
... Lease Listing Agreement (LL).......................... 113
... Residential Lease or Month-to-Month Rental Agreement (LR) 114-115
... Application to Rent/Screening Fee (LRA)............... 116
... Lease/Rental Mold and Ventilation Addendum (LRM)...... 117
... Move In/Move Out Inspection (MIMO).................... 118
... Notice of Obligation to Pay Rental or Lease Payments in Cash (NPC).................................................. 119-120
... Nature of Termination of Tenancy (NTT)................ 121
... Property Management Agreement (PMA)................... 122
... Proof of Service of Three-Day Notice to Pay Rent or Quit (POS)...................................................... 123
... Notice to pay Rent or Quit (PRQ)...................... 124
... Vacation Rental Agreement (VRA)....................... 125
... Exclusive Authorization for Vacation Rental (VRL) .... 126