Display Village Agreement

When it comes to building a new home, one of the most important and often complicated processes is choosing the location. For many homeowners, the option of building in a display village can be a great way to discover the perfect area and design for their new home. But before you dive headfirst into the world of display villages and home building, it’s essential to understand the display village agreement.

What is a Display Village Agreement?

A display village agreement is a contract between a builder and a developer that outlines the terms and conditions of building a display home in a particular village. The agreement typically sets out the requirements for the design, construction, and maintenance of the display home, as well as the obligations of both parties involved.

Why is a Display Village Agreement Important?

A display village agreement is crucial because it ensures that all builders and developers in the village adhere to the same standards and guidelines. This consistency helps to maintain the overall quality of the village, creating an attractive and cohesive community. The agreement also provides clarity for both parties involved in the building process, ensuring that everyone is on the same page regarding their obligations and expectations.

What is Covered in a Display Village Agreement?

The display village agreement typically covers a range of topics, including the following:

1. Design and Construction: The agreement outlines the specific design requirements for the display home, including floor plans, elevations, and materials. It also details the construction process, including timelines, schedules, and inspections.

2. Maintenance: The developer will typically require that the display home is maintained to a high standard, both inside and out. This includes regular cleaning, landscaping, and repairs as needed.

3. Marketing: The builder is usually required to advertise the display home and the village in a particular way, following the developer’s guidelines and branding.

4. Access: The agreement will specify the hours that the display home is open to the public, and any restrictions on access or parking.

5. Fees: The builder will typically pay a fee to the developer to build and maintain the display home, which will be set out in the agreement.

6. Other Obligations: The agreement may also cover other obligations, such as insurance requirements, safety regulations, and dispute resolution procedures.

Conclusion

Building a display home in a village is an exciting and rewarding experience, but it’s essential to understand the display village agreement. By ensuring that all parties involved are on the same page regarding their obligations and expectations, the agreement helps to maintain a high standard of quality and consistency throughout the village. If you are considering building a display home in a village, be sure to familiarize yourself with the agreement and seek legal advice if necessary.