This Limited Warranty Certificate has been prepared to comply with the requirements of the federal Magnuson-Mass Warranty-Federal Trade Commission Improvement Act enacted in 1975 (15 U.S.C. Section 2301); certain language is required by regulations promulgated by the Federal Trade Commission (16 C.F.R. Section 701.3).
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Maryland Limited Warranty Certificate is an important document issued to the owner of a condominium unit, which provides assurance regarding the quality and condition of the property. This certificate serves as a guarantee from the developer or builder that specific components or systems of the condominium unit will be free from defects for a certain period. The Maryland Limited Warranty Certificate outlines the precise terms and conditions of the warranty, including the duration, coverage, limitations, and any exclusions. This certificate ensures that the owner is protected against any potential construction defects that may arise in the specified areas of the unit. The certificate typically covers essential aspects such as structural integrity, plumbing, electrical systems, heating and cooling, as well as the overall functionality of the unit. It ensures that the owner will not be burdened with significant repair costs for defects that are covered under the warranty during the specified period. In Maryland, there are primarily two types of Limited Warranty Certificates issued to owners of condominium units: 1. Builder's Limited Warranty Certificate: This certificate is provided by the developer or builder of the condominium unit. It offers coverage for a set period, typically one year or longer. During this time, the builder is responsible for addressing any construction-related defects that may arise in the covered components or systems of the unit. 2. Warranty of Habitability Certificate: This certificate is specific to rental condominium units. It ensures that the unit is habitable and meets all necessary health and safety standards. The landlord is required to maintain the premises in a habitable condition throughout the tenancy period, ensuring that all essential amenities are functional and providing a safe living environment. It is essential for owners of condominium units to carefully review the terms and conditions outlined in the Limited Warranty Certificate. This document serves as a legal guarantee of quality and provides recourse for owners in the event of covered defects. Therefore, it is advisable to consult with an attorney or real estate professional proficient in Maryland laws to ensure a thorough understanding of the warranty coverage and any potential obligations imposed on the owner.The Maryland Limited Warranty Certificate is an important document issued to the owner of a condominium unit, which provides assurance regarding the quality and condition of the property. This certificate serves as a guarantee from the developer or builder that specific components or systems of the condominium unit will be free from defects for a certain period. The Maryland Limited Warranty Certificate outlines the precise terms and conditions of the warranty, including the duration, coverage, limitations, and any exclusions. This certificate ensures that the owner is protected against any potential construction defects that may arise in the specified areas of the unit. The certificate typically covers essential aspects such as structural integrity, plumbing, electrical systems, heating and cooling, as well as the overall functionality of the unit. It ensures that the owner will not be burdened with significant repair costs for defects that are covered under the warranty during the specified period. In Maryland, there are primarily two types of Limited Warranty Certificates issued to owners of condominium units: 1. Builder's Limited Warranty Certificate: This certificate is provided by the developer or builder of the condominium unit. It offers coverage for a set period, typically one year or longer. During this time, the builder is responsible for addressing any construction-related defects that may arise in the covered components or systems of the unit. 2. Warranty of Habitability Certificate: This certificate is specific to rental condominium units. It ensures that the unit is habitable and meets all necessary health and safety standards. The landlord is required to maintain the premises in a habitable condition throughout the tenancy period, ensuring that all essential amenities are functional and providing a safe living environment. It is essential for owners of condominium units to carefully review the terms and conditions outlined in the Limited Warranty Certificate. This document serves as a legal guarantee of quality and provides recourse for owners in the event of covered defects. Therefore, it is advisable to consult with an attorney or real estate professional proficient in Maryland laws to ensure a thorough understanding of the warranty coverage and any potential obligations imposed on the owner.
