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.
A New York Limited Warranty Certificate Issued to the Owner of a Condominium Unit is a legal document that provides protection and assurance to the owner about the condition and quality of their unit. This certificate acts as a guarantee from the developer or builder, stating that the unit has been constructed according to certain standards and will be free of defects for a specified period. This warranty applies only to new condominium units and offers several types of coverage, including: 1. Structural Warranty: This covers any defects or issues related to the structural components of the unit, such as the foundation, load-bearing walls, columns, beams, etc. It ensures that the unit will not experience any structural failures during the specified warranty period. 2. System Warranty: This type of warranty covers the various mechanical systems within the unit, including electrical, plumbing, heating, cooling, ventilation, and fire protection systems. It guarantees that these systems will function correctly without any defects or malfunctions. 3. Appliances Warranty: This warranty specifically covers any appliances that are included within the unit, such as refrigerators, stoves, dishwashers, and washing machines. It ensures that these appliances will operate properly and will be replaced or repaired if any defects arise. 4. Finish Warranty: The finish warranty guarantees that the finishes and materials used in the unit, like flooring, countertops, cabinetry, and fixtures, will be free from defects or workmanship issues. If any problems are discovered, the builder will take appropriate measures to rectify them. 5. Waterproofing Warranty: In New York, where water damage can be a significant concern, some limited warranty certificates offer additional coverage for waterproofing systems. This covers any water intrusion or damages caused by leaks or faulty waterproofing materials or installation. The purpose of this limited warranty certificate is to protect the owner's investment by ensuring that the unit meets certain quality standards and will be free from defects during the specified warranty period. It provides peace of mind to the owner and serves as a legal recourse if any issues arise within the covered timeframe. Note: It's important to consult with legal professionals or real estate experts for specific details regarding the New York Limited Warranty Certificate, as different developers or builders may have variations in terms and conditions.A New York Limited Warranty Certificate Issued to the Owner of a Condominium Unit is a legal document that provides protection and assurance to the owner about the condition and quality of their unit. This certificate acts as a guarantee from the developer or builder, stating that the unit has been constructed according to certain standards and will be free of defects for a specified period. This warranty applies only to new condominium units and offers several types of coverage, including: 1. Structural Warranty: This covers any defects or issues related to the structural components of the unit, such as the foundation, load-bearing walls, columns, beams, etc. It ensures that the unit will not experience any structural failures during the specified warranty period. 2. System Warranty: This type of warranty covers the various mechanical systems within the unit, including electrical, plumbing, heating, cooling, ventilation, and fire protection systems. It guarantees that these systems will function correctly without any defects or malfunctions. 3. Appliances Warranty: This warranty specifically covers any appliances that are included within the unit, such as refrigerators, stoves, dishwashers, and washing machines. It ensures that these appliances will operate properly and will be replaced or repaired if any defects arise. 4. Finish Warranty: The finish warranty guarantees that the finishes and materials used in the unit, like flooring, countertops, cabinetry, and fixtures, will be free from defects or workmanship issues. If any problems are discovered, the builder will take appropriate measures to rectify them. 5. Waterproofing Warranty: In New York, where water damage can be a significant concern, some limited warranty certificates offer additional coverage for waterproofing systems. This covers any water intrusion or damages caused by leaks or faulty waterproofing materials or installation. The purpose of this limited warranty certificate is to protect the owner's investment by ensuring that the unit meets certain quality standards and will be free from defects during the specified warranty period. It provides peace of mind to the owner and serves as a legal recourse if any issues arise within the covered timeframe. Note: It's important to consult with legal professionals or real estate experts for specific details regarding the New York Limited Warranty Certificate, as different developers or builders may have variations in terms and conditions.
