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Real Estate HIA Contract

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REAL ESTATE HIA CONTRACT

Parties and Contract Date

Owner Name:

Builder/Contractor Name:

Date of Agreement:

Property Identification

Contract Sum and Payment

Contract Price (Total):

Final Payment / Retention:

Scope of Work & Schedule

Commencement Date:    Estimated Practical Completion Date:

Permits, Materials & Insurance

Builder to procure all necessary permits and approvals as required by law. Builder's insurer:

Required insurance coverages (minimum): Public Liability: ; Builder's All Risks:

Inspections, Defects & Warranties

Inspection Period: Owner shall perform final inspection within days of practical completion. Contractor to rectify defects reported within days.

Variations

Changes to the scope of work shall be issued only by written Variation Order signed by both parties. Variation Orders shall state adjustments to price and time. Any oral instruction is not a Variation Order.

Disclosures

Lead-based paint or hazardous materials on site: Yes No

Known water damage or mold: Yes No

Prior structural damage or repairs: Yes No

Default, Remedies & Termination

If either party materially breaches this Contract and fails to remedy such breach within days after written notice, the non-breaching party may terminate and pursue available remedies including damages or specific performance where permitted by law.

Dispute Resolution; Governing Law

Parties agree to negotiate in good faith to resolve disputes. If unresolved within 30 days, disputes shall be submitted to mediation; if mediation fails, disputes shall be resolved by arbitration or binding adjudication as elected by the parties. This Contract is governed by the law of the jurisdiction in which the Property is located.

Representations, Indemnity & Entire Agreement

Each party represents it has authority to enter into this Contract. Builder warrants work will be performed in a workmanlike manner in accordance with industry standards. Owner shall indemnify Builder for delays or additional costs resulting from inaccurate or incomplete information supplied by Owner.

This Contract (including any attached schedules and Variation Orders) constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, whether written or oral.

Notices

All notices required or permitted under this Contract shall be in writing and delivered to the addresses listed above by hand, certified mail, or commercial courier and shall be effective upon receipt.

Acknowledgment

By signing below, Owner and Builder acknowledge they have read, understood and agree to the terms and conditions contained in this Contract, including scope, price, schedule, and procedures for variations, inspections and dispute resolution.

Owner Printed Name:

By:

Date:

Builder Printed Name:

By:

Date:

Enter text✕

What the Real Estate HIA Contract Covers

The Real Estate HIA Contract is a standardized written agreement used to record rights and obligations between parties in residential real estate transactions or property-related construction work. It typically defines the parties, property description, scope of work or transaction terms, payment and consideration, contingencies, timelines, permitting responsibilities, dispute resolution, and signature blocks for all parties involved.

Why a Formal HIA Contract Matters in Real Estate

A clear HIA contract reduces misunderstandings, allocates risk, documents scope and price, and provides an enforceable record when signed electronically in compliance with ESIGN (15 U.S.C. ch. 96) or UETA. Proper execution simplifies closings, lender review, and post-closing audits.

Why a Formal HIA Contract Matters in Real Estate

Who Typically Prepares and Signs This Contract

These agreements are used by a small set of professionals and parties in property transactions.

  • Real estate brokers and agents coordinating offers, disclosures, and contract delivery to buyers and sellers.
  • Property owners, developers, and general contractors documenting scope, timelines, payment terms, and inspection responsibilities.
  • Title companies, lenders, and escrow officers reviewing contract terms for recording, closing, and funding conditions.

Each party’s role determines which sections they must complete and which supporting documents they must provide.

Step-by-step: Completing a Real Estate HIA Contract

Follow a consistent sequence to reduce errors and ensure enforceability when using electronic signatures.

  • 01
    Collect Documents: Gather IDs, title info, permits, and disclosures before drafting.
  • 02
    Enter Parties: Use full legal names and entity types as shown on ID or formation documents.
  • 03
    Define Terms: Specify price, payment schedule, contingencies, and completion milestones.
  • 04
    Sign and Archive: Execute with proper authentication and store signed copy with audit trail.

Typical eSigning Flow for an HIA Contract

Electronic signing follows a predictable sender-to-signer workflow that preserves intent and an audit trail.

  • Upload Document: Place the HIA contract PDF or DOCX into the signing platform.
  • Add Fields: Insert signature, date, initials, and conditional fields where required.
  • Send to Signers: Provide signer emails or generate secure signing links.
  • Receive Signed Copy: Platform returns final PDF and certificate of completion.

Configuring an Electronic Workflow for the Contract

Set up authentication, routing, and retention options to match closing and compliance requirements.

Field Configuration
Authentication Email link | Optional SMS code or KBA
Routing Order Sequential | Use for lender then buyer then seller
Notifications Email reminders | Custom interval settings
Audit & Retention Enable audit trail | Export PDF/A for archive

Technical and Integration Requirements

Choose a platform that supports required formats, authentication, and integrations used in your closing workflows.

  • File formats: PDF and DOCX supported
  • Authentication: Email, SMS, KBA options
  • Integrations: Salesforce, NetSuite, MS 365

eSignature vendor comparison for executing HIA contracts

Pricing and basic feature availability across common eSignature vendors. signNow is listed first per comparison rules.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial Varies by plan Varies by plan Varies by plan Varies by plan
Bulk Send Yes (Business Premium) Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies by plan Varies by plan Varies by plan

Frequently asked questions about executing and managing the HIA Contract

Answers to common legal, procedural, and technical questions when preparing, signing, notarizing, or storing the contract.


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