When you decide to build something new, you must first purchase the lot or land. Take, for example, building a house. Purchasing the land is just as big a deal as purchasing a house that is already built. Purchasing or building a new home is usually the largest and most exciting investment you will make. It is for that reason that retaining the services of an attorney to help you sort through and understand the massive amounts of legal documentation. It also helps to know that your attorney is making sure that the agreement is in fact valid, fair and accurate.
Typically, the building contract contains all sorts of information necessary to ensure it is fair and you are getting exactly what you want. The majority of the information included should be as follows:
- Names, addresses, and contact information of all parties involved, including the names of those allowed access to the construction site
- A start date and a date specified to have a specified amount of the work completed to keep everyone on task and on schedule with any appropriate fines specified; this should include any valid reasons for a delay in construction
- Street address of the property
- The amount the contract is for, monetary allowances for changing orders and financing terms
- Insurance and inspection requirements
- Plans, drawings, blueprints, and sketches detailing the specifications of how the property should end up looking
- Methods to solve disputes which may include an arbitration clause and settlement terms
- Any documents required by state or local laws signed, dated, and witnessed with copies for all parties
- Any warranties on products installed or the work once it is completed
- Anything else that might create a problem between any or all of the parties.
By this list, albeit abbreviated, you probably get the idea that any kind of building contract is complicated and best left for those who understand it best. The attorneys at the Law Offices of Desert Rose Consulting & Law Firm will help you articulate what you want to get out of the process into a legally binding contract. Then, they will help you understand all of the terms of that contract you are signing once it is written. If you are not comfortable with any part of the contract at any time, speak up and do not sign it until you are satisfied with the changes made. It is our goal to ensure your complete satisfaction.