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Creating a Detailed Renovation Contract

To help ensure a stress-free home renovation it’s very important that you and your home professional are on the same page. Communicate clearly. All aspects of the renovation should be put in writing. Creating a detailed renovation contract will protect the interests of both you and your contractor should future complications arise. A renovation contract is a legal agreement between you and the company you hire to do your renovation. It lays out the responsibilities of you and your contractor as it pertains to the renovation and provides detailed information on the scope of work, payments, permits, inspections and the warranties provided. Tips to Creating a Detailed Renovation Contract Basic Business Requirements The contract should include the contractor’s name, address and contact information. The home professional should also provide documentation showing that they have adequate business liability insurance and a Business or GST/HST Number. If required, they should also provide…