Hi all,
We?re in an attached condo with 2 neighbors on either side and looking at expand a 2nd floor loft.
HOA gave us a ?conditional? approval but looks like we have some red tape and liability being attached. Our concern is having a hard time reselling later due to these restrictions.
We have another resident who did an expansion like this although they had a different floor plan. We will contact them and see if they had the same experience.
Anyone know what this language means or can consult on this one? (Or has a contact we can consult with?)
?????
?(2) Owner must agree to and pay all legal and recording fees for the recordation of a maintenance and indemnity agreement against the property. This agreement will require that the current and all future owners carry insurance and that they agree to indemnify the association for any damages caused as a result of the loft addition.?
We?re in an attached condo with 2 neighbors on either side and looking at expand a 2nd floor loft.
HOA gave us a ?conditional? approval but looks like we have some red tape and liability being attached. Our concern is having a hard time reselling later due to these restrictions.
We have another resident who did an expansion like this although they had a different floor plan. We will contact them and see if they had the same experience.
Anyone know what this language means or can consult on this one? (Or has a contact we can consult with?)
?????
?(2) Owner must agree to and pay all legal and recording fees for the recordation of a maintenance and indemnity agreement against the property. This agreement will require that the current and all future owners carry insurance and that they agree to indemnify the association for any damages caused as a result of the loft addition.?