The HDB indemnity kind is really a legal doc principally utilised for the duration of renovation and resale processes to transfer liability from a person bash to a different. For renovations, the form is crucial any time a customer really wants to commence do the job ahead of the resale is legally completed. The vendor, who continues to be the legal operator, indications the form to be indemnified from any probable damages due to the renovation. This really is A personal arrangement, but it is necessary for the buyer's contractor to get a renovation permit from HDB. The shape holds the customer to blame for any defects or concerns arising from the will work, and should they are unsuccessful to rectify them, HDB has the authority to intervene and cost the customer. Equally, for a temporary extension of keep for sellers, the buyer and vendor indemnify HDB from more info any disputes arising from their private arrangement.