The HDB indemnity variety is often a authorized document mainly used during renovation and resale procedures to transfer legal responsibility from one particular get together to another. For renovations, the shape is important each time a buyer wants to start operate before the resale is lawfully concluded. The seller, who remains the authorized owner, signs the shape for being indemnified from any potential damages because of the renovation. That is a private arrangement, but it's important for the client's contractor to obtain a renovation allow from HDB. The form retains the client accountable hdb indemnity form 320 22 for any defects or challenges arising with the operates, and may they fall short to rectify them, HDB has the authority to intervene and charge the client. Similarly, for A short lived extension of remain for sellers, the customer and seller indemnify HDB from any disputes arising from their non-public arrangement.