No one likes a neighbor to have an ongoing renovation project that lasts for months, especially when renovations can cause damage to their own apartment. Fortunately, most buildings have a mechanism to remedy this: the modification agreement. “A change agreement,” says Phyllis Weisberg, a partner at Manhattan-based law firm Armstrong Teasdale, “is the document that means the board`s approval of a specific change by a shareholder or shareholder and sets out the conditions under which approval is given.” Weisberg continues: “Without such an agreement, the responsibilities of the person making the change would never be defined. This includes providing insurance coverage, as defined by the board of directors, and the necessary indemnities of the cooperative/condominium and others. In the absence of such an agreement, the right of the board of directors to close a job would also not be defined. This is especially important when the work becomes bad; when a contractor causes problems in the building, for example. B by excessive and inappropriate damage or noise; when the work exceeds the authorized limit; or if the contract is performed within the time limit set for the project. Once a deadline has been set by an amendment agreement, the project should be as close as possible to the timetable set out in the agreement. However, if a project is longer than planned, shareholders can request an extension of the agreement. Cooperatives and co-boards – the smartest – have their lawyer draft a modification agreement that must be signed by any shareholder or owner who wants to renovate or combine housing. The agreement generally covers many areas: the scale of the work; verification and approval by the architect or engineer of the board of directors; a completion date (and diem fees for orders with overtime); proof that the contractor`s insurance covers the room and the building; and arrangements for the engineer or architect of the building to inspect the work performed to ensure that it complies with the plans. No one wants to discover a surprise Jacuzzi in the 15-J apartment.
Cholst says that once the modification agreements are concluded, they will have to stick to their decision. Mazel says change agreements are usually needed for major renovations that could alter the structure of the building. Other agreements may prescribe that only a certain number of renovations can be done at any given time, so you may have to plan your date and wait until your neighbors have completed their projects before they can start yours.. . .