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 Oregon Limited Warranty Certificate is a crucial document issued to the owner of a condominium unit that outlines the rights and protections provided by the builder or developer of the property. This certificate serves as evidence that certain warranties apply to the unit, ensuring the owner's peace of mind regarding the quality and functionality of their investment. One of the main types of Oregon Limited Warranty Certificates that can be issued to the owner of a condominium unit is the Structural Warranty Certificate. This document specifically covers any structural defects or issues that may arise within a specified time period, guaranteeing that the building's foundation, load-bearing walls, and overall structural integrity meet specific standards. Another type of Limited Warranty Certificate is the Systems Warranty Certificate. This certification focuses on ensuring that the essential systems within the condominium unit, such as plumbing, electrical, and HVAC systems, are free from defects and will function as intended for a certain period of time. This provides the owner with the reassurance that any unforeseen issues with these vital aspects will be addressed and rectified by the builder or developer. Furthermore, Oregon Limited Warranty Certificates often include a Workmanship Warranty. This certificate covers defects in the construction or installation process of various elements within the unit, including but not limited to the flooring, cabinets, windows, doors, and finishes. The workmanship warranty ensures that the craftsmanship and material quality meet industry standards and protects the owner from the burden of faulty workmanship. The Limited Warranty Certificate also encompasses other warranties, such as the Roof Warranty, which guarantees the proper functioning and durability of the roof structure for a given timeframe. Additionally, the Appliance Warranty may be included, covering any defects or malfunctions in the provided appliances, such as refrigerators, stoves, or dishwashers, with the responsibility falling on the builder or developer. It is important to note that the specifics of the Oregon Limited Warranty Certificate can vary depending on the builder or developer, the condominium project, and any contractual agreements. Therefore, prospective condominium buyers should carefully review and understand the terms, conditions, and duration of the various warranties outlined in their certificate to ensure they make an informed decision and protect their investment in the long run.
