HOA LOX Agreement

HOA LOX AGREEMENT

Parties

Recitals

WHEREAS, Association Name: is the duly formed homeowners association responsible for the management, maintenance, and access policies of the common elements and specified units within the Association's jurisdiction; and

WHEREAS, Provider Name: provides lockbox installation, management, key custody, and electronic access services designed to permit controlled access to residential units and common areas; and

WHEREAS, the parties desire to set forth the terms under which Provider will furnish LOX services and Association will permit placement and use of Provider equipment and access systems on Association-managed property.

Scope of Work

Provider shall supply, install (if applicable), maintain, and support lockbox hardware, electronic access controls, secure key custody, and an auditable access logging system for Association property as described below. Provider will perform services in a professional manner in accordance with industry standards and the terms of this Agreement.

Access, Key Custody and Controls

Provider shall retain possession and control of keys placed into Provider lockboxes and shall not release physical keys except to authorized users pursuant to Association's access protocols. Provider shall maintain a secure, tamper-evident inventory and electronic audit trail of all access events. Provider shall provide Association with access to logs on request and shall retain logs for a minimum of .

Provider shall verify credentials of requesting parties in accordance with mutually agreed protocols. Emergency access procedures shall be documented and implemented; Provider will notify Association within hours of any emergency access or security incident.

Payment Terms

Association shall pay Provider the fees set forth below for installation, equipment rental, monitoring, and ongoing services.

Late payments shall incur interest at the lesser of per month or the maximum rate permitted by law, plus a late fee of for each late invoice. Provider may suspend services for nonpayment after providing Association with days' written notice and opportunity to cure.

Term and Termination

This Agreement commences on Effective Date: and, unless earlier terminated under this Section, continues until End Date: .

Either party may terminate for convenience upon providing written notice no less than days prior to the intended termination date. Either party may terminate immediately for material breach if the breaching party fails to cure within days after written notice specifying the breach.

Confidentiality

Each party shall maintain the confidentiality of non-public information received from the other in connection with this Agreement and shall not disclose such information except as reasonably necessary to perform its obligations, to comply with law, or with the prior written consent of the disclosing party. Confidential information does not include information that is or becomes publicly known through no wrongful act of the receiving party.

Insurance, Liability and Indemnification

Provider shall maintain commercial general liability insurance and professional liability insurance in amounts customary for the industry and shall provide proof of insurance upon request. Provider shall be responsible for loss or damage arising from Provider's negligence, willful misconduct, or breach of this Agreement. Each party shall indemnify, defend and hold harmless the other from third-party claims resulting from the indemnifying party's negligence or willful misconduct, subject to any limitations of liability agreed in writing.

Compliance with Laws

Each party shall perform its obligations in compliance with all applicable federal, state, and local laws, regulations, codes, and Association covenants, conditions and restrictions. Provider shall obtain and maintain any licenses or permits required to provide the services contemplated by this Agreement.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its choice-of-law principles.

Entire Agreement; Amendments

This Agreement, together with any exhibits or addenda expressly incorporated herein, constitutes the entire agreement between the parties relating to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

Notices

Notices under this Agreement shall be sent to the addresses set forth below or to alternative addresses provided in writing. Notices are effective upon receipt.

Miscellaneous

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions will continue in full force and effect. No waiver of any right is effective unless in writing and signed by the waiving party. The parties acknowledge that Provider may subcontract portions of the services provided that Provider remains responsible for performance hereunder.

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