PEI 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
Prince Edward Island Condominium Alteration and Indemnification Agreement is a downloadable and fully customizable MS Word file.