What Is A Alteration Agreement

What Is A Alteration Agreement

This is how you can find a general contractor – and what you need to pay attention to. Your building modification agreement may include penalties, for example. B some buildings limit the timing of a renovation. If the work exceeds a certain period of time, you can be fined. In addition, through the agreement, you become financially responsible for problems caused by your contractor or damage to public spaces. Because changes can be common in co-ops and condominiums, many buildings already have a generic change agreement. While as a landlord you may view change agreements as another hassle imposed by your disruptive co-op or condo board of directors, always remember that the document is there to protect you as much as the association or business, and sign on the dotted line. If you`re hoping to move or expand your kitchen or bathroom into rooms that were previously referred to as bedrooms or living rooms, you may encounter challenges. Buildings often want to keep all rooms “wet” in a vertical pile, as there is a possibility of leaks. Your architect can work with the board to explain how precautions are taken to limit the possibility of leaks or noise from these rooms that could disturb neighbors. Change agreements can also dictate the days and hours contractors can work in your home, as well as the schedule for the entire project. Once the plans are submitted to a board of directors, a contract called a change agreement is usually signed between the management company and/or the board of directors and the shareholder.

5. Have a professional work to manage the work. “It`s not a good idea for the shareholder or shareholder to manage the project,” Berger says. .


Comments are closed.