The HDB indemnity type is really a legal doc largely employed in the course of renovation and resale processes to transfer legal responsibility from just one social gathering to another. For renovations, the shape is important each time a buyer wants to start perform before the resale is lawfully accomplished. The seller, who remains to be the legal operator, symptoms the form to generally be indemnified from any likely damages hdb indemnity form 320 22 attributable to the renovation. This is A personal arrangement, but it is necessary for the customer's contractor to get a renovation permit from HDB. The shape holds the customer answerable for any defects or problems arising within the performs, and should they are unsuccessful to rectify them, HDB has the authority to intervene and charge the customer. Likewise, for A short lived extension of remain for sellers, the buyer and vendor indemnify HDB from any disputes arising from their private arrangement.