Are you planning renovations to your condo unit that might affect the common elements of the building? You'll need this Alteration and Indemnification Agreement to get the approval of the condominium corporation before you start.
This agreement template complies with the provisions of the Alberta Condominium Property Act.
As an inducement to get approval, the unit owner indemnifies the condo 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.
Make sure you stay within the requirements of the Act and the bylaws. Download the Condominium Alteration and Indemnification Agreement and get the consent of the Board for your renovations.
Land developers can sell units in a condominium project which is still under construction with this Alberta Purchase & Sale Agreement Package for New Condominium.
The sale transaction will be finalized at a specified future date after construction of the condominium project is complete.
The purchase price for the condo unit includes a parking stall.
All prepaid deposits will be held in trust until the sale closes.
The purchaser acknowledges reviewing the construction plans for the condo unit and giving approval.
Prior to possession, the purchaser and the vendor will do a joint inspection of the condo unit to check for deficiencies in construction that need to be remedied. No holdback is allowed for deficiencies.
Final closing cannot take place until the condominium plan has been registered with the Land Titles Office, however, the purchaser can take early possession as a licensee of the vendor.
The package contains the following:
Offer to Purchase and Agreement of Purchase & Sale,
Schedule re Manager's Residence,
Schedule re Alberta New Home Warranty Program,
Restrictive Covenant re Parking Units,
Addenda re Financing and Financing (CMHC), and a Waiver of CMHC Financing,
Addendum re GST,
Addenda re Additional Parking Stall, Storage, and Customization.
See how easy writing real estate paperwork can be - buy and download the Purchase & Sale Agreement Package for your sales office.