The HDB indemnity type is actually a authorized document largely utilised all through renovation and resale procedures to transfer legal responsibility from just one bash to a different. For renovations, the shape is critical each time a purchaser really wants to begin perform before the resale is lawfully done. The vendor, who remains to be the authorized owner, signs the shape being indemnified from any likely damages due to the renovation. This is certainly A non-public arrangement, but it is necessary for the check here client's contractor to obtain a renovation allow from HDB. The form retains the client accountable for any defects or challenges arising through the functions, and may they fall short to rectify them, HDB has the authority to intervene and demand the client. Similarly, for A brief extension of stay for sellers, the customer and seller indemnify HDB from any disputes arising from their non-public arrangement.