The Real Estate Encyclopedia
How Do I Write A Contract For The Repairs?
Category - Home Buying Questions - General Home Buying FAQ's

The contract you sign with the handyman or contractor should include the following elements:

  • Itemize in detail all work to be done.
  • Specify the type and brand of materials and finishes to be used.
  • Include a specific timetable and ad in a penalty for late completion, or a reward for early completion.
  • A fixed-price contract should specify the total cost of the job.
  • A cost-plus contract should specify the cost of materials and labor. Payments should be dependent on work completed.
  • Include a right of rescission, permitting you to back out of a contract within 72 hours of signing it, if you are not satisfied with the work.
  • Ask for a certificate of insurance that guarantees that the contractor is covered.
  • Include in the contract a warranty ensuring that the labor and materials are free from defects for at least a year.
  • Include an arbitration clause, which delineates the method for resolving disputes.
  • Include a release of liens clause, to ensure that you will not be responsible for liens filed against the contractor by suppliers or subcontractors.
 
Category(s)
Home Ownership Questions - Defects & Renovation FAQ's
Home Buying Questions - General Home Buying FAQ's
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