APARTMENT RENOVATION CONTRACT
This Apartment Renovation Contract ("Contract") is entered into as of {{contract_date}} by and between:
Owner:
Name: {{owner_fullname}}
Address: {{owner_address}}
Phone: {{owner_phone}}
Email: {{owner_email}}
Contractor:
Name: {{contractor_fullname}}
Business Address: {{contractor_address}}
License Number: {{contractor_license}}
Phone: {{contractor_phone}}
Email: {{contractor_email}}
RECITALS
WHEREAS, the Owner desires to have renovation work performed at the apartment located at {{property_address}} (the "Property"); and
WHEREAS, the Contractor is duly licensed and qualified to perform such renovation work and agrees to complete the work under the terms set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties agree as follows:
§ 1. Scope of Work
1. Work Description: The Contractor shall perform the renovation work as described below (the "Work"):
- Description: {{work_description}}
- Location: {{property_address}}
2. Change Orders: Any modifications or additions to the Work must be made in writing and signed by both parties through a formal Change Order.
§ 2. Contract Price and Payment Terms
1. Total Contract Price: The total price for the Work shall be ${{contract_price}}.
2. Payment Schedule:
- Deposit: ${{deposit_amount}} due upon signing this Contract, not to exceed the maximum deposit allowed for home improvement contracts by the law of {{governing_state}} (in California, for example, $1,000 or 10% of the contract price, whichever is less).
- Progress Payments: ${{progress_payment}} due upon completion of defined milestones as detailed in Exhibit A attached hereto.
- Final Payment: ${{final_payment}} due upon final completion and acceptance of the Work.
3. Payment Method: Payments shall be made via {{payment_method}}.
§ 3. Timeframe for Completion
1. Commencement Date: The Work shall commence on {{start_date}}.
2. Substantial Completion: The Work shall be substantially completed by {{completion_date}}.
3. Delays: Time is of the essence. In the event of unforeseen delays, the Contractor shall notify the Owner in writing and propose a revised schedule.
§ 4. Permits, Licenses, and Compliance
1. The Contractor shall obtain and maintain all necessary permits, licenses, and inspections required by local, state, and federal laws.
2. The Work shall comply with all applicable building codes, ordinances, and regulations.
§ 5. Insurance and Liability
1. Insurance:
The Contractor shall carry adequate general liability insurance and workers' compensation insurance throughout the term of the Contract.
Proof of insurance shall be provided to the Owner upon request.
2. Liability: The Contractor is responsible for any damage to the Property or injuries to persons caused by the performance of the Work.
§ 6. Warranties
1. Workmanship and Materials Warranty: The Contractor warrants that all work performed and materials used shall be free from defects for a period of {{warranty_period}} from the date of completion.
2. Remedy: Any defects identified within the warranty period shall be remedied by the Contractor at no additional cost to the Owner.
§ 7. Termination
1. For Cause: Either party may terminate this Contract upon written notice if the other party materially breaches any provision of this Contract and fails to cure such breach within {{cure_period}} days after receipt of written notice.
2. Effect of Termination:
The Owner shall pay for all Work satisfactorily completed up to the termination date.
If the Contractor terminates without cause, all deposits and prepayments shall be refunded to the Owner.
§ 8. Dispute Resolution
1. Mediation and Arbitration: In the event of any dispute arising out of or relating to this Contract, the parties agree to first attempt to resolve the matter through mediation. If mediation fails, the dispute shall be resolved by arbitration in accordance with the rules of the American Arbitration Association.
2. Governing Law: This Contract shall be governed by and construed in accordance with the laws of {{governing_state}}.
§ 9. Miscellaneous Provisions
1. Entire Agreement: This Contract, including any attachments or exhibits, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, whether written or oral.
2. Amendments: Any amendment or modification to this Contract must be in writing and signed by both parties.
3. Severability: If any provision of this Contract is found to be unenforceable, the remaining provisions shall remain in full force and effect.
4. Notices: Any notice required or permitted under this Contract shall be deemed properly given if delivered in writing to the addresses provided above.
§ 10. Owner's Right to Cancel
1. If this Contract is signed at the Owner's residence, or anywhere other than the Contractor's permanent place of business, the Owner may cancel it without penalty or obligation at any time before midnight of the third business day after the date of this Contract (FTC Cooling-Off Rule, 16 CFR Part 429). State law may give the Owner a longer period.
2. To cancel, the Owner signs, dates and mails or delivers the attached Notice of Cancellation, or any other written notice, to the Contractor at the business address above, no later than midnight of {{cancellation_deadline}}. The Contractor shall give the Owner two copies of the Notice of Cancellation when this Contract is signed.
3. The Contractor shall not begin the Work before the cancellation period ends, unless the Owner, facing a bona fide immediate personal emergency, waives the right to cancel in a separate dated statement, written and signed by the Owner, that describes the emergency.
§ 11. Signatures
YOU, THE BUYER, MAY CANCEL THIS TRANSACTION AT ANY TIME PRIOR TO MIDNIGHT OF THE THIRD BUSINESS DAY AFTER THE DATE OF THIS TRANSACTION. SEE THE ATTACHED NOTICE OF CANCELLATION FORM FOR AN EXPLANATION OF THIS RIGHT.
OWNER:
Name: {{owner_fullname}}
Signature: {{owner_signature}}
Date: {{owner_signature_date}}
CONTRACTOR:
Name: {{contractor_fullname}}
Signature: {{contractor_signature}}
Date: {{contractor_signature_date}}
This Contract is executed in duplicate, with each party receiving one fully executed copy.
By affixing their signatures, both parties acknowledge that they have read, understood, and agreed to the terms and conditions set forth in this Apartment Renovation Contract.
NOTICE OF CANCELLATION
Date of transaction: {{contract_date}}
YOU MAY CANCEL THIS TRANSACTION, WITHOUT ANY PENALTY OR OBLIGATION, WITHIN THREE BUSINESS DAYS FROM THE ABOVE DATE.
IF YOU CANCEL, ANY PROPERTY TRADED IN, ANY PAYMENTS MADE BY YOU UNDER THE CONTRACT OR SALE, AND ANY NEGOTIABLE INSTRUMENT EXECUTED BY YOU WILL BE RETURNED WITHIN TEN BUSINESS DAYS FOLLOWING RECEIPT BY THE SELLER OF YOUR CANCELLATION NOTICE, AND ANY SECURITY INTEREST ARISING OUT OF THE TRANSACTION WILL BE CANCELLED.
IF YOU CANCEL, YOU MUST MAKE AVAILABLE TO THE SELLER AT YOUR RESIDENCE, IN SUBSTANTIALLY AS GOOD CONDITION AS WHEN RECEIVED, ANY GOODS DELIVERED TO YOU UNDER THIS CONTRACT OR SALE, OR YOU MAY, IF YOU WISH, COMPLY WITH THE INSTRUCTIONS OF THE SELLER REGARDING THE RETURN SHIPMENT OF THE GOODS AT THE SELLER'S EXPENSE AND RISK.
IF YOU DO MAKE THE GOODS AVAILABLE TO THE SELLER AND THE SELLER DOES NOT PICK THEM UP WITHIN 20 DAYS OF THE DATE OF YOUR NOTICE OF CANCELLATION, YOU MAY RETAIN OR DISPOSE OF THE GOODS WITHOUT ANY FURTHER OBLIGATION. IF YOU FAIL TO MAKE THE GOODS AVAILABLE TO THE SELLER, OR IF YOU AGREE TO RETURN THE GOODS TO THE SELLER AND FAIL TO DO SO, THEN YOU REMAIN LIABLE FOR PERFORMANCE OF ALL OBLIGATIONS UNDER THE CONTRACT.
TO CANCEL THIS TRANSACTION, MAIL OR DELIVER A SIGNED AND DATED COPY OF THIS CANCELLATION NOTICE OR ANY OTHER WRITTEN NOTICE, OR SEND A TELEGRAM, TO {{contractor_fullname}}, AT {{contractor_address}}, NOT LATER THAN MIDNIGHT OF {{cancellation_deadline}}.
I HEREBY CANCEL THIS TRANSACTION.
Date: ____________________
Owner's signature: ____________________
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