Siding Options for Real Estate

SIDING OPTIONS FOR REAL ESTATE

This Siding Options Agreement (the Agreement) sets forth the selected siding materials, finish, costs, responsibilities and warranties for the Property identified below. This Agreement is an addendum to any underlying purchase contract or construction scope and is entered into by the parties identified below as of Effective Date: Effective Date:

Parties

Buyer Name:

Seller Name:

Property Identification

Siding Selection and Specifications

Materials (select chosen option(s); specify manufacturer/model where applicable):

Vinyl    Manufacturer/Model:

Fiber cement    Manufacturer/Model:

Wood (specify species)    Species/Grade:

Stucco    System Type:

Engineered composite    Manufacturer/Model:

Costs, Allowances, Payment

Buyer pays any excess above allowance    Seller pays any excess above allowance

Timeline, Permits, Inspections

Contractor to obtain permits    Owner/Seller to obtain permits

Disclosures and Hazardous Materials

Lead-Based Paint Present: Yes No

Known Mold or Structural Damage Related to Moisture: Yes No

If hazardous materials are present or suspected, the party identified below is responsible for remediation prior to siding work commencing:

Change Orders and Modifications

All changes to scope, materials, color, or schedule shall be executed only by written change order signed by both Buyer and Seller (and Contractor where applicable). Change orders shall identify additional cost, payment terms, and a revised completion date. No oral change is binding.

Default, Remedies and Indemnity

If a party fails to perform its obligations under this Agreement, the non-breaching party may provide written notice specifying the default and allowing a reasonable cure period. Remedies available shall include specific performance, recovery of direct damages, and any reasonable costs of correction. The party performing the siding work shall indemnify and hold harmless the Owner and Buyer from claims arising from the work except to the extent caused by the Owner's negligence or pre-existing conditions.

Governing Law; Entire Agreement; Severability

Governing Law: The laws of the state identified below shall govern this Agreement. State:

This Agreement constitutes the entire understanding between the parties with respect to the subject matter and supersedes prior oral or written representations. If any provision is held invalid, the remainder of the Agreement will continue in full force and effect.

Acknowledgment and Certification

Each party signing below certifies under penalty of perjury that the information provided in this Agreement is true and correct to the best of their knowledge and that they have authority to bind the party for whom they sign.

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