EXHIBIT “I”
Builder's Security Deposit
Please complete and submit the following form to the Architectural Control Committee PRIOR to commencing work on any new home build your property:
Click here for the PDF Version of the Builder's Security Deposit form.'Builder and Homeowner have reviewed the Rosehurst Construction and Landscaping Guidelines. The $3,000.00 security deposit, 50% of which will be refunded, is to ensure timely repairs or replacement and cleanup of Rosehurst Homeowners Association property damaged by the construction activity as a result of the construction of the primary residence on _____Lot ______Blk. provided in the submittal to the ARC.
In within two weeks of the occurrence, damages or cleanup to the Rosehurst HOA property is not complete; the Rosehurst HOA shall complete the repairs and deduct the cost from the deposit. The Rosehurst HOA will furnish a copy of the paid invoice to the depositor when security deposit is not refunded in full. If no repairs, replacement or cleanup is required during the construction period, 100% of deposit will be returned to depositor.
Owner/builder shall provide and name Rosehurst HOA as additional insured for Property, Liability Insurance during the construction of the primary residence. This coverage shall include all improvements within the Rosehurst HOA to include but not limited to streets, gates, landscaping, hardscaping, sod and irrigation systems or other property of the HOA.
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______________________________ Signature: Builder/Depositor |
____________________________ Printed |
________ Date |
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______________________________ Signature: Homeowner |
____________________________ Printed |
________ Date |
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______________________________ Signature: Homeowner |
____________________________ Printed |
________ Date |
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______________________________ Signature: HOA President |
____________________________ Printed |
________ Date |
Email: info@rosehurst.com