HOA Subscription Agreement
It is agreed by and between LIEN RESEARCH CORP. and [ ] (subscriber) as follows: WITNESS: WHEREAS, Subscriber is engaged in the business of a legal homeowners/condominium owners association or property management thereof; and WHEREAS, as a result, Subscriber will find it necessary at times to record: homeowners/condominium association liens against real property; WHEREAS, Lien Research Corp., pursuant to the terms, conditions and restrictions of this agreement, is willing to provide this information and assistance to entities and/or persons who subscribe to this service; NOW THEREFORE, in consideration of the mutual promised contained herein, the parties covenant and agree as follows; 1. The Subscriber, at the time this agreement is executed, shall elect to be a As a Member, Subscriber understands that Lien Research Corp shall provide and/or sell its services only to these Subscribers whose accounts are paid within the terms stated within this agreement. 2. The rates as specified on Addendum A, fully being a part of this contract, relating to the services to be performed by Lien Research on behalf of Subscriber are subject to increase upon 30-day notice. The Subscriber will be billed monthly for the services requested as described in Addendum A. Payment will be due and owing within 20 days of the date of the pertinent invoice/statement. In the event the account is not paid as agreed, the delinquent balance will accrue interest at the rate of 18% per annum or at the highest rate allowed by applicable law for loans of forbearance’s of money, whichever is less. In addition, the Subscriber agrees to pay reasonable attorney’s fees incurred in connection with the collection of any past due payments, whether or not suit is actually commenced. Further, at the option of Lien Research Corp., the venue of any suit brought to collect any past due account may be had in the Superior Court of Snohomish County, State of Washington. 3. The Subscriber hereby designates Lien Research Corp., as its agent, for the sole purpose of performing the services, as requested and specified in Addendum A of this agreement. 4. The Subscriber covenants that the following declaration governs the homeowner/condominium owners association: Declaration of , recorded on , under County Auditor’s File No. , and as amended thereby. If this declaration is amended or re-recorded in any fashion, the subscriber agrees to immediately notify Lien Research Corp. as Lien Research Corp. relies the declaration stated herein to perform its services.
HOLD HARMLESS AGREEMENT
Relating to the appointment of Lien Research Corp., as its agent, Subscriber agrees to defend and save Lien Research Corp. HARMLESS FROM ALL CLAIMS, DAMAGES AND/OR LOSS resulting from the acts of omissions of Lien Research Corp. or its authorized representatives for services performed on Subscriber’s behalf This shall include any and all claims made by third parties as a result of liens filed against parcels of real property. IN ADDITION, SUBSCRIBER AGREES THAT ALL INFORMATION, WHETHER WRITTEN OR VERBAL, FURNISHED BY LIEN RESEARCH CORP., ITS AGENTS OF SERVANTS, SHALL BE HELD IN STRICT CONFIDENCE AND USED EXCLUSIVELY FOR THE BENEFIT OF THE SUBSCRIBER. THE PARTIES HEREBY RECOGNIZE AND AGREE THAT THE INFORMATION OBTAINED BY LIEN RESEARCH CORP. IS OBTAINED FROM VARIOUS SOURCES AND/OR INDIVIDUALS AND THAT THEREFORE, THE POSSIBILITY OF ERROR IS INHERENT IN PERFORMING THESE TYPES OF SERVICES. ACCORDINGLY, THE PARTIES AGREE THAT LIEN RESEARCH CORP. CANNOT AND DOES NOT GUARANTY THE ACCURACY, RELIABILITY, OR CORRECTIVENESS OF SUCH INFORMATION OBTAINED AND USED IN PREPARING AND PROVIDING THE SERVICES DESCRIBED IN ADDENDUM A OF THIS AGREEMENT. AS A RESULT, SUBSCRIBER AGREES TO RELEASE AND/OR HOLD HARMLESS LIEN RESEARCH CORP., ITS AGENTS, AND/OR SERVANTS, HARMLESS FROM ANY LOSS AND/OR DAMAGES INCURRED AS A RESULT OF THE NEGLIGENCE OF LIEN RESEARCH CORP., ITS AGENTS AND/OR SERVANTS, IN THE PERFORMANCE OF PROVIDING THE SERVICES DESCRIBED IN ADDENDUM A. The Subscriber acknowledges and represents that it has been informed that Lien Research Corp., could not provide the services described in Addendum A at the reflected cost unless Subscriber agreed to release and/or hold harmless from any and all liability for any damages and/or losses whatsoever arising from the performance of the services described in Addendum A of this agreement, on its behalf. Subscriber hereby acknowledges and represents that he/she has read the foregoing, understands the contents thereof and agrees that it is a part of this contract bargained in good faith and executed voluntarily on his/her part. In addition, the Subscriber acknowledges and represents that it is represented by its own legal counsel relating to the foreclosure of any homeowners/condominium owners association liens. Accordingly, the Subscriber is not and will not in any way seek legal advice nor expect to receive legal advice from Lien Research Corp. and/or its representatives relating to the services described in Addendum A of this agreement.
Dated this day of , 2020. Company Name: Phone: Address: Fax: City: State: Zip: Email:
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Document Name: HOA Subscription Agreement
Agree & Sign