This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
New York Warranty
Category:
State:
Multi-State
Control #:
US-OG-840
Format:
Word;
Rich Text
Instant download
Description
How to fill out Warranty?
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FAQ
Under New York Law, warranties may be made orally or in writing and can even arise by implication without any verbal statement.
Structural Coverage on Major Structural Defects is provided for 6 years. Pricing based on low flat rates per home. Builder liability in the New York CSW program is limited to 2 years only. New homes with sales prices less than $2 million are eligible for the New York CSW program.
Customized New York State Warranty Coverage Each individual state warranty is crafted to meet that state's statutes regarding builders structural warranties. In New York, the statute is 6 years so our New York Customized State Warranty includes a 6-year term for structural coverage.
The statutory warranty is "implied," in that it need not be written into the contract, but exists within every contract for the sale of a single family house or unit in a multi-unit residential building of five stories or less. (See N.Y. General Business Law §§ 777A- 777-B.)
Before a plaintiff can recover under this theory, the plaintiff must prove 2 things: The defendant's product did not in fact conform to their explicit promises; and, The plaintiff relied to his or her detriment upon these warranties.
The one-year warranty is for claims of shoddy workmanship; two years, for defects in systems like plumbing, electrical or temperature regulation and six years for structural defects.
Under New York Law, warranties may be made orally or in writing and can even arise by implication without any verbal statement.
