Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF
FIRST AMENDMENT TO SUBMANAGEMENT AGREEMENT
by and between the CITY OF ALAMEDA, a municipal corporation hercinatior "the City, This First Amendment of the Agreement, entered into this RiverRock Real Estate Group, LP, a California limited partnership, whose address is 2392 Morse Ave., Suite 100, Irvine, CA 92614 (hereinafter "Manager"'), and Cerda-Zein Real Estate, Inc., a California corporation ("Sub-Manager") whose address is 2514 Santa Clara Ave, Alameda, CA, 94501, (hereinafter "Sub-Manager"), is made with reference to the following:
RECITALS:
On March 28, 2022, an agreement was entered into by and between the City, Manager, and Sub-Manager (hereinafter "Agreement") for managing, operating, maintaining, and servicing the Managed Properties (Exhibit A of original agreement).
B. Whereas, the City Council authorized the City Manager to execute this Agreement, as amended on
C. The City and Provider desire to modify the Agreement on the terms and conditions set forth herein.
NOW, THEREFORE, it is mutually agreed by and between the undersigned parties as follows:
1. Paragraph 1, TERM, of the Agreement is modified to read as follows:
The term of this Agreement shall commence on the 28'* of March, 2022, and shall terminate on the 30th day of April, 2026, unless terminated earlier as set forth herein.
2. Exhibit D, SCOPE OF WORK, remains unchanged with the exception of the section titled "Repair, Maintenance/Operations Program" which is to be modified to read as reflected in Exhibit A hereto.
3. Attachment 1 hereto is incorporated and will serve as the standard form of Walk Through Inspection Checklist.
4. Except as expressly modified herein, all other terms and covenants set forth in the Agreement shall remain the same and shall be in full force and effect.
Signatures on following page
07/18/23
RiverRock 13: Amendment
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF IN WITNESS WHEREOF, the parties hereto have caused this modification of Agreement to be executed on the day and year first above written.
MANAGER: CITY:
RIVERROCK REAL ESTATE GROUP CITY OF ALAMEDA,
a Limited Partnership a municipal corporation
- Signed by:
Michael D. Meyer
-4BB49143A256428.
Mike Meyer Jennifer Ott
Regional Vice President City Manager
CA License #01327247
RECOMMENDED FOR APPROVAL
- Signed by:
Abigail thorne-Lyman
Abigail Thorne-Lyman
Director, Base Reuse and Economic
Development Department
SUB-MANAGER:
APPROVED AS TO FORM:
CERDA-ZEIN REAL ESTATE, INC. City Attorney
a California corporation - DocuSigned by:
•Signed by: Le Aslanian
Nancy Cerda-Zein 765Đ25E39฿48464.
en Aslaniar
- Nancy Cerda-Zein Assistant City Attorney
Managing Partner
- DocuSigned by:
Jose Cerda-Zein
95541 Creta-Zein
Broker, CEO
07/18/23
RiverRock 13t Amendment
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF Exhibit A-1
Updated Section of Scope of Work
Repair, Maintenance/Operations Program
1. Conducting regular, routine inspections of the Buildings to facilitate continued decent, safe and sanitary condition based on a limited visual walk through survey and noting deficiencies with proper corrective action to be implemented, and notification in writing to the City and its Commercial Property Management Provider. Inspect building exteriors on a monthly basis and interior a minimum of once per calendar year but always at prior to leasing. Turnover inspections shall include video footage and/or photos and a written documentation signed by tenant and PM firm regarding condition of premises.
2. Maintaining all physical areas within the Buildings and exterior grounds to assure that appropriate levels of cleanliness, state of repair, and aesthetic appeal are maintained.
3. Conducting a preventative maintenance and inspection program. Including the usage of the rental housing checklist prior to the move in of a new tenancy. The Parties acknowledge and understand that CZRE is not a home inspection company or provider, and that the 'inspection' listed herein will be performed to the standard of a reasonable property manager providing services under similar circumstances.
4. Evaluating and (in conjunction with Manager) controlling all factors relating to liability, life safety, security, and environmental issues.
5. Maintaining an inventory listing and control of all building equipment and supply items.
6. Supervising all contractors engaged in providing routine or periodic services on behalf of the Buildings and administration of all service contracts; competitively bidding and negotiating contracts for those services as required.
7. Overseeing and administering all necessary improvement projects.
8. Addressing emergency calls within 30 minutes or less.
9. Managing landscape contract and ensuring residential units present a neat and professional looking landscape year round.
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF Attachment 1
City Residential Units
Walk Through Inspection List
ALAMEDA
Property Address:
Street Address: Unit #:
City of Alameda disclaimer. This list is intended to ensure minimum safety in accordance with the requirements of the California Health and Safety Code for habitability. The inspection was limited to the areas in plain view, there may be additional items not observed due to the lack of access.
Unit conditions:
SECTION 1 - EXTERIOR
1) Front door needs to be adjusted to open/close freely. (this condition will worsen during the rainy season) 2) All bushes and overgrown vegetation including grass around the property are properly maintained.
Need to add missing gutters and downspouts.
4) All downspouts have splash blocks to keep rainwater away from the building. 5) Please check the exterior patio enclosure for water intrusion and seal as necessary.
I recommend adding a level landing to the front door to avoid a tripping hazard. (9" step is too steep) SECTION 2 - LIVING ROOM/DINING ROOM
Receptacles are free of short circuits. (EG. Reversed polarity, open neutral, etc.) 1) Please check all receptacles. At least one of the receptacles in the living room was found with reversed polarity which is where the neutral and hot conductors are reversed) All receptacles are properly secured and have a listed cover. 3) Windows required for ventilation are equipped with screens and able to open freely.
If a living room is adjacent to a sleeping room, it shall be equipped with a carbon monoxide and smoke detector.
5) Multi-outlet devices shall be removed
6) All window glass is in good condition, free of damage and properly sealed at the edges.
SECTION 3 - SLEEPING ROOM/OFFICE NEXT TO THE ENTRY
The area adjacent to the entry/living room leads to a room that may be used for sleeping please add a combination smoke and carbon monoxide detector.
Windows in all sleeping rooms that are considered rescue openings shall be unobstructed and open freely.
3) Windows required for ventilation shall be equipped with screens and be able to open freely. 4) All smoke detectors work properly, are less than 10 years old, and the alarm sounds when tested 5) All window glass is in good condition, free of damage and properly sealed at the edges.
SECTION 4 - KITCHEN
1) Please obtain the required permit for the kitchen remodel and bring it up to code for outlet spacing, GFCI protection, tamper resistant receptacles, and provide the minimum 2 small appliance circuits, etc. 2) Anti-tipping bracket in accordance with the manufacturer's installation instructions. 3) Access to verify that the range hood ductwork is of 26 gauge, metallic and smooth materials. 4) Multi-outlet devices being used.
5) Are the plumbing fittings under the sink listed products? (Flexible and corrugated fittings are not listed per the California Plumbing Code.) Please replace the repair coupling under the kitchen sink. 6) Hot and cold water have sufficient flow.
7) All plumbing and sewer piping drain properly and are free of leaks. 8) Light fixtures are in good condition
9) Switches and receptacles are in good condition
10) All gas lines are free of leaks and any gaseous odors. (Immediately report gas leaks or gaseous odors to PG&E and owner/manager).
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF SECTION 5 - BEDROOM #1 Downstairs
1) Windows in all sleeping rooms that are considered rescue openings shall be unobstructed and open freely.
2) Windows required for ventilation shall be equipped with screens and be able to open freely. 3) All smoke detectors work properly, are less than 10 years old, and the alarm sounds when tested. 4) Multi-outlet devices shall be removed
5) All window glass is in good condition, free of damage and properly sealed at the edges.
SECTION 6 - BEDROOM #2 Upstairs
1) Windows in all sleeping rooms that are considered rescue openings shall be unobstructed and open freely.
2) Windows required for ventilation shall be equipped with screens and be able to open freely. 3) All smoke detectors work properly, are less than 10 years old, and the alarm sounds when tested. 4) Multi-outlet devices shall be removed
5) All window glass is in good condition, free of damage and properly sealed at the edges.
SECTION 7 - BEDROOM #3 Upstairs
1) Windows in all sleeping rooms that are considered rescue openings shall be unobstructed and open freely.
2) Windows required for ventilation shall be equipped with screens and be able to open freely. 3) All smoke detectors work properly, are less than 10 years old, and the alarm sounds when tested. 4) Multi-outlet devices shall be removed
5) All window glass is in good condition, free of damage and properly sealed at the edges.
SECTION 8 - BEDROOM #4 Upstairs
1) Windows in all sleeping rooms that are considered rescue openings shall be unobstructed and open freely.
2) Windows required for ventilation shall be equipped with screens and be able to open freely. 3) All smoke detectors work properly, are less than 10 years old, and the alarm sounds when tested. 4) Multi-outlet devices shall be removed
5) All window glass is in good condition, free of damage and properly sealed at the edges.
SECTION 9 - HALLWAYS (Upstairs and Downstairs)
1) Hallways leading to a sleeping room shall be equipped with a smoke and carbon monoxide detector. (Please add a combination smoke and carbon monoxide alarm at the bottom of the stairs) 2) All smoke detectors work properly, are less than 10 years old, and the alarm sounds when tested. 3) Please secure attic access to prevent unauthorized storage SECTION 10 - BATHROOMS (Downstairs and upstairs)
1) All faucets are in working condition and all handles, valves, diverters are free of leaks and visible damage.
2) Hot and cold water have sufficient flow.
3) Toilets are secure in place, in good working condition and free of leaks. 4) Are the plumbing fittings under the sinks and lavatories listed products? (Flexible and corrugated fittings are not listed per the California Plumbing Code.) 5) All receptacles that have been replaced in the bathrooms are Ground Fault Circuit Interrupter (GFCI) protected outlets.
6) Existing light fixtures in the shower area (if any) are GFCI protected and waterproof 7) Light and switch in working condition
8) Tub/shower joints, and toilet base are properly caulked 9) The bathrooms are free of visual mold/mildew
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF SECTION 11- UTILITIES CLOSET
Failed
SECTION 11-A - HEATING AND WATER HEATERS
1) All heating equipment is operational, in safe working condition and properly maintained. 2) The gas heater is operating normally and is provided with minimum combustion air. 3) All gas lines are free of leaks and any gaseous odors. (Immediately report gas leaks or gaseous odors to PG&E and owner/manager).
4) All gas lines in the unit have accessible shut-off valves. 5) Water heaters are installed correctly and meet the following requirements:
a) Earthquake straps are secured on the bottom ⅓ and the upper ⅓ portions; b) Water heater has a temperature and pressure relief valve. Rigid piping for the TPR valve is installed maintaining a downward slope terminating between 6 and 24 inches above grade; c) A drain pan is installed where damage from a leaking water heater may occur; d) The draft hood to the vent is secured with a minimum of 3 screws and the vent connector slopes upward maintaining a minimum slope of ¼ inch per foot;
e) A bond wire is connected between the metal hot and cold-water supply lines and gas piping.
SECTION 11-B - ELECTRICAL PANELS
1) Are the fuses in the panel box that serve each unit rated at 15 amps or less? 2) For fuse panels with 20 amps or larger fuses, the wiring is sized properly and is capable of handling the load or has been inspected by a licensed electrical contractor.
Are there any noticeable alterations to the panel or wiring system? 4) Are the circuits labeled as per the area served?
5) Are there any openings in the panel that may be considered an electrical hazard? (Please make sure the fuse area is accessible to authorized personnel only)
SECTION 12 - HANDRAIL & GUARDRAIL CONDITION
1) Handrails and guardrails are tightly fastened, sound and in good condition.
SECTION 13 - INTERIOR STAIRWAY CONDITION
1) Stairways, including treads, risers, and landings, are in good condition, adequately fastened, with no damaged, missing, or loose structural members.
SECTION 14 - WALKWAYS AND PATHWAYS
All exit pathways and stairways are clear of open storage, trash and debris.
All electrical fixtures providing lighting and directional signage for the common areas are in working condition.
SECTION 15 - FLOORS & TRIP HAZARDS
1) All floors and floor coverings are free of significant trip hazards due to damage or structural defect. 2) The bathroom floor is finished with a non-absorbent material and is sealed to prevent moisture intrusion.
SECTION 15 - MISCELLANEOUS CONDITIONS OR DAMAGE:
1) Kitchen cabinet doors and drawers in good working condition. 2) Interior doors, knobs and casing are free of damage. 3) Unit cleanliness
Paint in good condition (This means that the paint is not peeling or have unrepaired surfaces, damage, etc.)
5) Exterior cleanliness.
Dwelling units do not contain excessive personal storage, and a clear egress path is maintained to all exterior doors and windows.
SECTION 16 - MOLD OR MILDEW
1) Is visible mold observed at the time of inspection?
2) Are there signs that the unit is not being properly ventilated by the resident? 3) Are all exhaust fans in the unit in good operable condition? Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF SECTION 17 - GARAGE Failed
Pass N/A
1) The receptacles serving the garage are GFCI protected 2) Please obtain the permit for the added receptacle for the garage door opener.
ADDITIONAL NOTES AND OBSERVATIONS:
ACKNOWLEDGEMENTS
I certify I have inspected the aforementioned unit and the information above is true and correct.
I certify I was unable to inspect the aforementioned unit because the tenant(s) refused to allow entry.
Name of Certifier (Please print): Relationship to Property: _ Owner or Manager Name.
Mailing Address and Phone #: _
Signature and Date:
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF NOTES:
DOOR LOCKS: Double cylinder deadbolts that use a key on both sides are prohibited by ordinance on all doors.
SMOKE AND CARBON MONOXIDE DETECTORS AND ALARMS: Smoke detectors that are replaced LEGEND
Multi-Story
Home Carbon Monoxide Detector
Smoke Detector
Living Room Kitchen Bedroom Bedroom
Bedroom Hallway n Bedroom
COD
COD
Bath
Kitchen n Living Room Apartment
COD
Basement Bedroom
must have 10-year batteries and smoke alarms older than 10 years should be replaced with a 10-year battery life smoke detector. It is recommended to replace a carbon monoxide alarm upon expiration or after 10 years of service with a 10-year battery life carbon monoxide alarm.
Attics and Basements: If the attic is habitable, it should also have alarms in it.
Is my underfloor area a basement requiring an alarm?
The code requires a smoke and CO alarm in all basements. If there is an underfloor area in your building that has a finished floor surface, it qualifies as a basement. Areas that are strictly crawl spaces do not require an alarm. However, if the underfloor area is accessed through a door or stairway and could be used for storage, alarms should be installed.
HEATING: It is recommended that all heating equipment be inspected by a licensed HVAC contractor at least every 5 years.
PLUMBING:
• Stains on walls, ceilings, and floors often indicate water damage and/or an ongoing leak(s) that needs to be repaired.
• If the flow from the tap is less than the circumference of a #2 pencil (1/4 inch), it is not sufficient and may indicate a partially clogged pipe.
FIRE EXTINGUISHER: The date on the tag is the last inspection date and the unit is good for one year from this date.
ELECTRICAL PANELS WITH FUSES: If screw-based fuses greater than 15 amps are installed, an electrical danger may be present unless the wiring has been updated OR been evaluated by a licensed electrician and is capable of handling the current load. It is a potential fire hazard if the fuse size exceeds the limit of the associated wire size. The City strongly recommends you contact a licensed electrician if you are unsure about the proper fuses for the building or units.
BUILDINGS CONSTRUCTED IN 1960 OR EARLIER: If screw-based fuses greater than 15 amps are installed and the unit was built in 1960 or before, an electrical danger may be present unless the wiring has been updated OR been evaluated by a licensed electrician and is capable of handling the current load. The City strongly recommends you contact a licensed electrician if you are unsure about the proper fuses for the building or units.
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF ACORD® DATE (MM/DD/YYYY)
CERTIFICATE OF LIABILITY INSURANCE
03/25/2025
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURERS), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsements).
StateFarm LARRY BOLTON, AGENT, LIC # 0744817 . 510-521-4272 FAC, No): 510-521-9180 No. Ext):
E-MAIL
934 CENTRAL AVE
ADDRESS:
ALAMEDA, CA 94501 INSURERS) AFFORDING COVERAGE NAIC #
INSURERA: State Farm Mutual Automobile Insurance Company 25178
INSURED
INSURER B:
JOSE & NANCY CERDA-ZEIN
INSURER C :
CERDA-ZEIN REAL ESTATE INSURER D:
1417 EVERETT ST INSURER E:
ALAMEDA CA 94501 INSURER F:
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS INSR
LTR
X COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ 6.000,000
DAMAGE TO RENTED
CLAIMS-MADE OCCUR
PREMISES (Ea occurrence)
MED EXP (Any one person)
F Y Y 97-EB-T048-3 07/18/2024|07/18/2025
PERSONAL & ADV INJURY $ 12000000
GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE
PRO-
POLICY JECT LOC
OTHER:
AUTOMOBILE LIABILITY Y C06 0286-E07-05Q 11/07/2024 11/07/2025 COMBINED SINGLE LIMIT (Ea accident)
X ANY AUTO 270 0112-E03-05D 11/03/2024 11/03/2025 BODILY INJURY (Per person) $ 1,000,000 A OWNED SCHEDULED BODILY INJURY (Per accident) $ 1,000,000
AUTOS ONLY AUTOS
HIRED NON-OWNED 493 5309-C20-05A 09/20/2024 09/20/2025 $ 1,000,000
AUTOS ONLY AUTOS ONLY
499 3570-A07-05 01/07/2025 01/07/2026
UMBRELLA LIAB OCCUR EACH OCCURRENCE
F EXCESS LIAB CLAIMS-MADE AGGREGATE
DED I RETENTIONS
WORKERS COMPENSATION [STATUTE. TER*
AND EMPLOYERS' LIABILITY
ANY PROPRIETOR/PARTNER/EXECUTIVE ELL. EACH ACCIDENT
OFFICER/MEMBER EXCLUDED? N/ A EL EACH DEMOVE SE
(Mandatory in NH)
ESRTNOPERATIONS below ELL. DISEASE - POLICY LIMIT S
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
CITY OF ALAMEDA, ITS CITY COUNCIL, BOARDS, COMMISSIONS, OFFICIALS, EMPLOYEES, AND VOLUNTEERS ARE NAMED AS ADDITIONAL INSURED AS THEIR INTERESTS MAY APPEAR.
- DS
LC 3/26/2025
CERTIFICATE HOLDER CANCELLATION
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN CITY OF ALAMEDA ACCORDANCE WITH THE POLICY PROVISIONS.
2263 SANTA CLARA AVENUE
AUTHORIZED REPRESENTATIVE,
ALAMEDA CA 94501 hely
© 1988-2015 ACORD CORPORATION. All rights reserved.
ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD 1001486 132849.12 03-16-2016
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF 6028BU ADDITIONAL INSURED (Prior Notice of Termination) This sonsee icy art of the pairy. Excep for the changes chis endorsement makes, all other
1. A person or organization shown on the Declarations Page as an Additional Insured is provided Liability Coverage, but only to the extent that person or organization qualifies as an insured as
2. An Alei soon on the Des theon Pagh to an Aeronal in tradity Coverage as if they had intes antic urager day ed ice is shove das to be dirtin Page, we wil provide end, Additional Insured:
a. 10 days notice of such change or termination if the policy is nonrenewed or the cancellation is for nonpayment of premium; and
b. 20 days notice of such change or termination if the cancellation is for any reason other than nonpayment of premium.
©, Copyright, State Farm Mutual Automobile Insurance Company, 2011 Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF ACORD® DATE (MM/DD/YYYY)
CERTIFICATE OF LIABILITY INSURANCE
03/25/2025
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.
I SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement or his certificate does not confer rights to the certificate holder in lieu of such endorsements).
CONTACT
PRODUCER NAME Jessica Callahan
PHONE [FAC, No): 888-259-5561
Hindsight Insurance Services , No, Ext): 800-264-4637
(A/C,
3478 Buskirk Ave. Suite 1000 E-MAIL [email protected] ADDRESS:
Pleasant Hill, CA 94523 INSURERS) AFFORDING COVERAGE NAIC # INSURER A : Security National Insurance Company 19879
INSURED
INSURER B :
Cerda Zein Real Estate Inc. INSURER C:
1417 Everett St
INSURER D:
Alameda, CA 94501 INSURER E :
INSURER F:
CERTIFICATE NUMBER: 00002247-0
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS
INSR TYPE OF INSURANCE ADDL SUBR POLICY EFF LIMITS
LTR INSD WVD POLICY NUMBER
COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE
DAMAGE TO RENTED
CLAIMS-MADE OCCUR PREMISES (Ea occurrence)
MED EXP (Any one person)
PERSONAL & ADV INJURY
GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $
POLICY PRO LOC PRODUCTS - COMP/OP AGG $
OTHER:
AUTOMOBILE LIABILITY Es acden INGLE LIMIT $
ANY AUTO BODILY INJURY (Per person) $
OWNED SCHEDULED BODILY INJURY (Per accident) s
AUTOS ONLY AUTOS
HIRED JON-OWNED PROPERTY DAMAGE
AUTOS ONLY AUTOS ONLY Per accident
UMBRELLA LIAB OCCUR EACH OCCURRENCE
EXCESS LIAB CLAIMS-MADE AGGREGATE $
DED RETENTION $
A WORKERS COMPENSATION SNP1518247 11/02/2024 11/02/2025 X SFATUTE T
AND EMPLOYERS' LIABILIT YIN
NY PROPRIETOR/PARTNER/EXECUTIV E.L. EACH ACCIDENT 1,000,000 Y NIA
E.L. DISEASE - EA EMPLOYEE$ 1,000,000
E.L. DISEASE - POLICY LIMIT S 1,000,000
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) evidence of workers comp insurance
CERTIFICATE HOLDER CANCELLATION
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN City of Alameda ACCORDANCE WITH THE POLICY PROVISIONS.
2263 Santa Clara Avenue
Alameda, CA 94501 AUTHQRIZED REPRESENTATIVE
(JAC)
© 1988-2015 ACORD CORPORATION. All rights reserved.
ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD Printed by JAC on 03/25/2025 at 10:54AM Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF
CERTIFICATE OF LIABILITY INSURANCE
ERRORS AND OMISSIONS/PROFESSIONAL LIABILITY
Date: 10/01/24
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHT UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICY LISTED BELOW. THIS
CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER, AUTHORIZED REPRESENTATIVE OR PRODUCE, AND THE CERTIFICATE HOLDER.
INSURED PRODUCER
Cerda-Zein Real Estate Diane Hansen
2515 Santa Clara Ave CA CDI#0G94723
Alameda CA 94501
THIS IS TO CERTIFY THAT THE POLICY OF INSURANCE LISTED BELOW HAS BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH
THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICY DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,
EXCLUSIONS AND CONDITIONS OF SUCH POLICY, LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS
TYPE OF INSURANCE INSURER AFFORDING COVERAGE POLICY NUMBER Real Estate E&O United States Liability Ins. PM1555468C Claims Made and Reported Policy
POLICY EFFECTIVE DATE POLICY EXPIRATION DATE RETROACTIVE/PRIOR ACTS DATE 10/06/24 12:01 a.m. Standard Time at the 10/06/25 12:01 a.m. Standard Time at the 08/01/09 mailing address of the Named Insured mailing address of the Named Insured This insurance will not apply to any above above regular act, error, omissions or personal
injury which occurred before this date
LIMITS OF LIABILITY LIMITS OF LIABILITY DEDUCTIBLE RETENTION Each Occurrence/Wrongful Act General Aggregate Per Claim $ 2,000,000 $ 2,000,000 $ 5,000
Claims Made and Reported Policy:
This insurance coverage is on a claims made and reported basis. Coverage applies only to those Claims that are first made against You and reported to the insurer/carrier during the Policy Period and any Extended Reporting Period as those terms are described in the Policy. Coverage does not apply to any Wrongful Acts committed before the Retroactive Date/Prior Acts Date.
Cancellation:
This certificate cannot be cancelled flat. In the event of cancellation of this certificate the Insurer shall be entitled to an earned premium for the time in force (a) a short rate of the annual premium if cancelled by the Insured, or (b) at a pro rate of the annual premium if cancelled by the Insurer. If the Certificate is subject to a MINIMUM RETAINED PREMIUM and is cancelled by the Insured, the greater of the minimum retained premium or the short rate premium shall apply.
Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF USL
24/7 CLAIM REPORTING
In our continuing effort to provide you with excellent claim service, you may now report a claim and get claim assistance 24 hours a day/7 days a week.
For claim reporting, call toll free 1-888-875-5231 or visit USLI.COM and select the "report a claim" option.
For emergency claims requiring immediate assistance, please use the toll free option. Your call will be referred to a claims professional who will respond within an hour of your call with direction and assistance.
Thank you for placing your trust in our company. We pledge to work hard every day to earn and maintain that trust.
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Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF
EXTENSION OF DECLARATIONS
Policy No. PM 1555468C Effective Date: 10/06/2024
12:01 AM STANDARD TIME AT YOUR MAILING ADDRESS
FORMS AND ENDORSEMENTS
The following forms apply to the Errors And Omissions Liability coverage part Endt# Revised Description of Endorsements
Jacket 07/19 Policy Jacket
PM 100 03/01 Property Managers Professional Liability Policy Form PM 101 06/01 Coverage Part A Property Managers Errors And Omissions PM 102 06/01 Coverage Part B (Tenant Discrimination)
PM 108 07/19 Errors and Omissions Retroactive Date Endorsement PM 115 10/99 Tenant Discrimination Retroactive Date Endorsement * PM 136 02/14 Lock Box Coverage Endorsement
PM 137 11/02 USA & Territories Endorsement
PM 138 02/14 Amendment of Conditions
PM 140 07/19 Personal Injury Coverage Endorsement
PM 141 09/06 Application Definition Clarification Endorsement PM 142 02/14 Real Estate Endorsement - Errors and Omissions Coverage PM 143 02/14 Real Estate Endorsement - Tenant Discrimination PM 151 11/11 Increased Limits Of Liability Pending Or Prior Litigation Date Endorsement, Part A.
PM 166 07/19 Coverage Part A. Clarification Endorsement PM 167 07/19 Coverage Part B. Clarification Endorsement PM CA 04/06 California State Amendatory Endorsement
PROF-002 07/03 Mold, Fungus, Bacteria, Virus And Organic Pathogen Endorsement- Professional
PROF-003 11/01 War or Terrorism Exclusion
Endorsements marked with an asterisk (*) have been added to this policy or have a new edition date and are attached with this certificate.
EOD (01/95) All other terms and conditions remain unchanged. Page 1 of 1 Docusign Envelope ID: F91E9180-30F6-48F1-A356-9F14517A1EDF
PROPERTY MANAGERS PROFESSIONAL LIABILITY COVERAGE PART DECLARATIONS PLEASE READ YOUR POLICY CAREFULLY.
THIS IS A CLAIMS MADE POLICY COVERAGE FORM AND UNLESS OTHERWISE PROVIDED HEREIN, THE
COVERAGE OF THIS FORM IS LIMITED TO LIABILITY FOR CLAIMS FIRST MADE DURING THE POLICY PERIOD, OR THE EXTENSION PERIOD, IF APPLICABLE. DEFENSE COSTS SHALL BE APPLIED AGAINST THE DEDUCTIBLE.
No. PM 1555468C Effective Date: 10/06/2024
12:01 AM STANDARD TIME
ITEM I. NAMED INSURED AND PRINCIPAL ADDRESS
CERDA-ZEIN REAL ESTATE, INC.
DBA: OMM MASON MANAGEMENT
1417 EVERETT ST.
ALAMEDA, CA 94501
ITEM II. POLICY PERIOD: (MM/DD/YYYY) From: 10/06/2024 To: 10/06/2025 ITEM III. COVERAGE PART A. Property Managers Errors and Omissions LIMITS OF LIABILITY $2,000,000 EACH CLAIM $2,000,000 ANNUAL AGGREGATE DEDUCTIBLE: $5,000 EACH CLAIM
PREMIUM: $9,076
RETROACTIVE DATE: 08/01/2009
ITEM IV. COVERAGE PART B. Tenant Discrimination
LIMITS OF LIABILITY $250,000 EACH CLAIM $250,000 ANNUAL AGGREGATE DEDUCTIBLE: $2,500 EACH CLAIM
PREMIUM: $246
RETROACTIVE DATE: 10/06/2020
ITEM V. COVERAGE PART C. Employment Practices Liability
NOT PURCHASED
ITEM VI. Coverage Forms)/Parts) and Endorsements) made a part of this policy at See Endorsement EOD (01/95)
THESE DECLARATIONS ARE PART OF THE POLICY DECLARATIONS CONTAINING THE NAME OF THE INSURED AND THE POLICY PERIOD.
PM 150 (06/12) Page 1 Of 1