What is a Home Builder’s Warranty Agreement?
When a new construction home is completed by a home builder, the client should be confident that the manufacturer or seller they’ve hired will provide high-quality products and perform high-quality work. In the construction industry, client confidence becomes even more critical as the high standards expected of contractors directly impact safety. In such situations, warranty contracts come in handy.
A construction warranty is a legal document in which the contractor provides a covenant that guarantees to the client (homeowner) that they will perform all works following building codes and standards and project specifications without flaws or defects. Breaching such an agreement results in monetary recovery of related damages and costs for material replacement or reparation works to be carried out at the contractor's expense.
The Magnuson-Moss Warranty Act, a US federal law enacted in 1975, regulates warranty contracts. It states that while not all products and services require written guarantees, if parties conclude one, then such an agreement must comply with the Act. This law aims to prevent manufacturers from misleading clients with inappropriate and unfairly made disclaimers on the guarantees.
Types of warranties
There are two general types of contractor warranty agreements:
- Express warranty is a written or verbal guarantee from the seller that the purchased product is of a certain quality and that the seller can replace or repair it if there are any defects.
- Implied warranty is a guarantee that the purchased product operates as it should.
Builders’ warranties operate under another classification because of industry specifics:
- Time-based warranty is the contractor’s promise to provide a particular thing in a defined condition at a specified time (for example, to guarantee the construction is waterproof for a certain number of years).
- General warranty is a guarantee to perform defined works according to the project blueprints and specifications without a time reference.
Preparing a new Home builder warranty To complete your paperwork correctly, use a verified home builder’s timely-based guarantee agreement from the US Legal Forms library. This multi-state editable and printable legal template requires you to fill out the following information:
- Name and contact details of the contractor and the buyer;
- Newly-constructed house description;
- List of items that are under builder’s guarantees (can be expanded);
- List of items the builder doesn’t take responsibility for (can be changed);
- Name of the state that will govern the agreement.
Fairfax Virginia Home Builder's Warranty Agreement is a legal document that outlines the terms and conditions of the warranty provided by a home builder in Fairfax, Virginia. This agreement serves to protect the homeowners against any defects or issues that may arise after the construction or sale of a newly built home. It guarantees that the builder will take responsibility for any necessary repairs or replacements within a specified time frame. Keywords: Fairfax Virginia, home builder's warranty agreement, warranty, terms and conditions, defects, issues, construction, sale, newly built home, homeowners, responsibility, repairs, replacements, time frame. There are different types of Fairfax Virginia Home Builder's Warranty Agreements, such as: 1. Structural Warranty — This covers the structural components of the home, including the foundation, walls, roof, and load-bearing elements. It ensures that any major structural defects will be repaired or replaced in accordance with the terms of the agreement. 2. Systems Warranty — This type of warranty focuses on the various systems within the home, such as electrical, plumbing, and HVAC. It guarantees that these systems will function properly and provides coverage for any necessary repairs during the specified period. 3. Workmanship Warranty — This warranty addresses any issues related to the builder's workmanship and craftsmanship. It ensures that the home is constructed in a professional and skillful manner, and any defects arising from poor workmanship will be rectified by the builder. 4. Appliance Warranty — Some builders may offer a separate warranty for appliances included in the sale of the home, such as refrigerators, ovens, dishwashers, etc. This warranty typically covers repairs or replacements for malfunctioning or defective appliances within a specific time frame. 5. Roof Warranty — A specific warranty may be provided by the builder to cover the roof of the home. It ensures that any damages or leaks caused by substandard materials or poor installation will be repaired or replaced. These different types of warranties collectively aim to provide homeowners in Fairfax, Virginia, with peace of mind, knowing that their investment is protected against potential defects or issues. It is important for homeowners to thoroughly read and understand the specifics of the warranty agreement to make sure they are aware of their rights and responsibilities and to properly address any concerns that may arise.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
