USA condo owners, are you planning renovations to your unit that might affect the common elements of the building? You will need the approval of the condominium corporation before you can start.
Use this ready-made template to prepare a Condominium Alteration and Indemnification Agreement, which you can provide to the condo corporation.
- As an inducement to get approval, the condo owner indemnifies the corporation and assumes full responsibility for any damages resulting from the renovations.
- The renovations must be done in accordance with specifications approved by the corporation.
- The owner warrants that the renovations will be in compliance with the requirements of the insurance policies covering the property, and the owner agrees to pay the cost of any increase in the insurance coverage.
This USA Condominium Alteration and Indemnification Agreement is a downloadable and fully customizable MS Word file.
ALTERATION AND INDEMNIFICATION AGREEMENT FOR CONDOMINIUM THIS AGREEMENT made effective as of the _____ day of ______________, _______. BETWEEN: [NAME OF CONDOMINIUM OWNER] [address] (“Owner”) - and - [NAME OF CONDOMINIUM ASSOCIATION] [address] (“Association”) WHEREAS, Owner is the owner of condominium unit number ________ (the “Condominium”) in _____________________________________ [insert name of condominium complex] (the “Complex”), located at ___________________________________________ [insert street address], __________________ [city], State of _____________________; and WHEREAS, the Association is charged by the condominium instruments for the Complex with responsibility for maintaining the common elements of the Complex and enforcing the provisions of the condominium instruments; and WHEREAS, the condominium instruments require the approval of the Association prior to Owner making any alterations to the Condominium which may affect the common elements of the Complex; and WHEREAS, Owner wishes to make alterations to the Condominium affecting the common elements of the Complex and has approval therefor; and WHEREAS, the Association will not approve such alterations in the absence of an indemnification against damages and assumption of responsibility by Owner; and WHEREAS, in order to induce the Association to grant such approval, Owner is willing to indemnify the Association and assume responsibility for any damages incurred during such alterations. NOW THEREFORE, the parties hereto agree as follows: 1. Installation, alteration or removal of ______________________________________ [list alterations to be made] must be in accordance with any and all guide specifications and exhibits approved by the Association. 2. Owner, and Owner’s heirs, successors and assigns, shall indemnify and hold harmless the Association and any unit owner in the Complex from and against any loss or damage which may occur as a result of any such improvements and/or alterations, including, but not limited to the following: -2- (a) loss or damage caused by negligence in the design, construction or maintenance of such improvements and/or alterations; (b) loss or damage not due to negligence, but caused by the effect of such improvements and/or alterations on the structural components previously existing; (c) expenses and consequential damage caused by or resulting from such improvements and/or alterations; and (d) any fees, costs and expenses of any claims or suits arising from such improvements and/or alterations. 3. Owner, and Owner’s successors, heirs and assigns, shall maintain and shall pay any and all costs of maintaining any such improvements and/or alterations, and all other appurtenant components. 4. Owner hereby warrants that the imp
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