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.
Riverside California Home Builder's Warranty Agreement is a legally binding document that outlines the terms and conditions of a warranty provided by home builders in Riverside, California. This agreement aims to protect homeowners by ensuring that their newly constructed homes meet certain quality standards and that any defects or issues are addressed by the builder. Keywords: Riverside California, home builder's warranty agreement, terms and conditions, warranty, newly constructed homes, quality standards, defects, builder. There are two main types of Riverside California Home Builder's Warranty Agreement: 1. Structural warranty: This type of warranty provides coverage for any structural issues that may arise in the home. It typically includes defects in the foundation, load-bearing walls, roof, and other essential structural components. The duration of the structural warranty can vary, but it is often for ten years or more, providing homeowners with peace of mind regarding the long-term stability of their property. 2. Workmanship warranty: This warranty pertains to the quality of the craftsmanship and materials used in the construction of the home. It covers issues such as faulty plumbing, electrical systems, heating and cooling systems, and other non-structural elements. The duration of the workmanship warranty is usually shorter than the structural warranty and typically ranges from one to two years. Both types of warranties assure homeowners that the builder will rectify any covered defects within a specified period after the completion of the construction. These warranties may also include provisions for resolving disputes and any structural or workmanship enhancements that might be necessary in the future. It is important for homeowners to carefully review and understand the terms and conditions of their Riverside California Home Builder's Warranty Agreement before purchasing a newly constructed home. It is recommended to seek legal advice or guidance to ensure complete comprehension of the warranty coverage and the builder's responsibilities.
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.
